Hello and Welcome to SSCE (WAEC and NECO) Practice Test - Commerce You are to attempt 20 Random Objectives Questions ONLY for 15 minutes. Supply your name and name of school in the text box below. Your time starts NOW! Full Name (Surname First): School: The combination of product, price, promotion and distribution decisions employed by a company is referred to as itsA. pricing policy.B. marketing mix.B. product mix.D. marketing concept.ABCDThe functions of credit and thrift society does not includeA. charging low interest rate on loan.B. providing savings facilities.C. encouraging mutual co-operation of members.D. providing security for members' property.ABCDA trader’s turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock D3,000The average stock isA. D5, 000. B. D3, 000. C. D2,500. C. D2, 000.ABCDThe buyer in a hire purchase contract becomes the legal owner of the goods by payingA. initial deposit.B. the last instalment.C. half of the purchase price.D. two-third of the purchase price.ABCDBefore the advent of legal tender and credit instrument, which of the following was used as a medium of exchange?A. Currency notes. B. Cowries. C. Cheques D. Bank drafts.ABCDWhich of the following is used to inform the addressee that he has a registered parcel for collection?A. Counterfoil B. Express label C. Slip. D. Telegram.ABCDA personal computer on sale in an office equipment shop is an example ofA. stock B. fixed asset C. liability D. fixed capitalABCDln limited partnership the partners'A. capital is limited.B. liability is limited.C. participation is unlimited.D. ownership is unlimited.ABCDWhich of the following is a feature of mail order business?A. Employs many shop assistantsB. Practises self serviceC. Provides attractive shop frontD. Rents large warehouseABCDWhich of the following is concerned with promoting favourable image of an organization?A. Consumer sovereigntyB. Public relationsC. Marketing researchD. Market segmentationABCDA term which describes the value of business connections made by a company over the years is known asA. patent B. copyright C. goodwill D. trade markABCDThe PW Company Ltd. Achieved the following result in 2012The return on capital employed isA. 25% B. 20% C. 15% D. 5%ABCDWhich of the following is a means of payment?A. I. O. U B. Postal order C. Promissory note. D. C. I FABCDWhich of the following acted as the central bank for West African countries before their independence?A. The West African Clearing HouseB. The British Bank for West AfricaC. The West African Currency BoardD. The African Development BankABCDIf a share is quoted ex-div, it means the new buyer wouldA. get the next dividendB. not get the next dividendC. get a fixed dividendD. not get any dividendABCDA false statement made by one party with an intention of including the other party to enter into a contract with him is known asA. misrepresentation. B. legal capacity. C. consensus and idem. D. considerationABCDThe assets of a business that is available as cash or near cash is calledA. equity. B. capital employed. C. reserved capital. D. liquid capital.ABCDLiquid capital in a business means theA. movable assets of the business.B. authorised capital.C. issued capital.D. Assets easily convertible to cashABCDThe box marked 'Z' stands forA. Warehousing.B. Home trade.C. Foreign trade.D. Marketing.ABCDCollecting information on the taste of consumers and the extent of demand for a product isA. market research.B. market segmentation.C. marketing mix.D. marketing concept.ABCD1 out of To submit your quiz and see your score/performance report; Make sure you supply your name and name of school in the form above. Unable to submit your quiz? Kindly Click Here To Retake SSCE (WAEC and NECO) Practice Test - Commerce. Make sure you supply your full name and name of school before submission. Time is Up! Follow ASSURE On Social Media Categories: SSCE (WAEC and NECO) Practice Test (In All Subjects) Tags: SSCE (WAEC and NECO) Practice Test - Commerce 0 Comments Leave a Reply Cancel reply Your email address will not be published. Required fields are marked * Name * Email * Website What's on your mind? Save my name, email, and website in this browser for the next time I comment. Please enter an answer in digits:16 − 4 = This site uses Akismet to reduce spam. Learn how your comment data is processed.