SS2 Commerce Past Questions and Answers
1st term
The development of communication of Nigeria NIPOSTNITELSATELLITECourier services and its functions.Computer appreciationsComputer appreciation-; internet, Facebook, Twitter.E-mailMeaning of advertising, roles/importance.Types of advertisingMethods of advertisingMedia of advertisingAdvertising media continuedMerits and demerits of advertisingConsumer protection in advertisingFactors affecting choices of advertising.Factors affecting choices of advertisingTourismTourist centers in NigeriaInsuranceBasic principles of insuranceTypes of insuranceNon-life insurance;Accident, consequential loss insurance.Marine insurance policiesMarine lossesTypes of insurance risksProcedures for insurance contractRole of insurance broker and agents.Importance of insurance to business.
2nd term
Nigerian traditional means of communicationMeaning, origin and types of banking Commercial bankTypes of bank account,Current accountsTypes of chequeCrossed chequeReasons for dishonouring cheques.Automated payments Computer and the bankMeaning, origin and functions of central bank.How central bank controls commercial banksRoles of central bank in economic development of West Africa.Differences between central bank and commercial bank.Specialized banksMortgage bankBuilding societiesUniversal banksWarehousing Importance and functions of warehousing Advantages and disadvantages of warehousing.Types of capitalWorking capital
3rd term
Credit sales Types of credit sales Differences and similarities between hire purchase and deferred paymentFunctions of credit to the wholesaler and retailer.Credit instrumentFunctions of credits to retailer and wholesalers.Problems facing users of creditProfitCalculation of gross and net profit to turnover.TurnoverVariation in turnover in different types of business.Business lawLaw of contractTypes of misrepresentation mistakes.Types of contractsTermination of a contract and remedies for breach of contract.Sales of goods actPrinciple of agencyRights and obligation of employer and employees.Government regulations of businessOrganizational setupConcepts of organizational structureAdvantages and disadvantages of delegation of power/authority.Inter-intra-departmental communication, Importance of inter and intra-departmental communication.Various media of communication.Meaning of business and management.Business resourcesBusiness objectives.Departments, departmentalization, function and its environment.Responsibilities of businessResponsibilities to community, government, shareholders and employee.Introduction to marketingMarketing concept and marketing mix.Price mix Methods of promotion.