WAEC: COMMERCE
Quizzes
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2014 Commerce WAEC Objective Past Questions
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2014 Commerce WAEC Theory Past Questions
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2015 Commerce WAEC Theory Past Questions
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2015 Commerce WAEC Objective Past Questions
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2016 Commerce WAEC Objective Past Questions
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2016 Commerce WAEC Theory Past Questions
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2017 Commerce WAEC Objective Past Questions
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2017 Commerce WAEC Theory Past Questions
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2018 Commerce WAEC Objective Past Questions
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2018 Commerce WAEC Theory Past Questions
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2019 Commerce WAEC Objective Past Questions
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2019 Commerce WAEC Theory Past Questions
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2020 Commerce WAEC Objective Past Questions
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2020 Commerce WAEC Theory Past Questions
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2021 Commerce WAEC Objective Past Questions
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2021 Commerce WAEC Theory Past Questions
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Question 1 of 50
1. Question
Commerce is defined as ______
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Question 2 of 50
2. Question
The type of occupation that a broker belongs to is
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Question 3 of 50
3. Question
A form of money which is not used in early days of trade is
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Question 4 of 50
4. Question
Which of the following activities is not an example of the extractive industry?
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Question 5 of 50
5. Question
The factor of production which bears all the risks of the business is
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Question 6 of 50
6. Question
Production is completed when products reach the
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Question 7 of 50
7. Question
A partner whose name is used to boost the image of the business and does not contribute capital is a
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Question 8 of 50
8. Question
One advantage of sole proprietorship is that
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Question 9 of 50
9. Question
A business unit in which saving of members are lent to other is a
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Question 10 of 50
10. Question
The document issued to a public company allowing it to commence business is the
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Question 11 of 50
11. Question
Which of the following is not a function of a customer association?
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Question 12 of 50
12. Question
An association formed by computer distributors to safeguard and promote their interest is a
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Question 13 of 50
13. Question
The issue of prospectus by a company is invitation to members of the public to
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Question 14 of 50
14. Question
Examples of current shares asset are
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Question 15 of 50
15. Question
When the cost of sales is divided by the average stock, the result is
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Question 16 of 50
16. Question
The part of issued share capital that the company has asked the subscribers to pay for is
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Question 17 of 50
17. Question
The last link in a channel of distribution is the
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Question 18 of 50
18. Question
The difference between a country’s imports and exports of goods in a particular year is
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Question 19 of 50
19. Question
Goods brought into the country for sale are the country’s
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Question 20 of 50
20. Question
A feature of supermarket which distinguishes it from other large scale retail outlets is that items sold are
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Question 21 of 50
21. Question
One advantage of small scale outlets is
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Question 22 of 50
22. Question
A discount deducted from the invoice price of a good to enable the retailer to make a profit is
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Question 23 of 50
23. Question
A document issued by the seller’s own courier and signed by the customer to acknowledge receipt of the goods is
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Question 24 of 50
24. Question
A request for goods from another country by an importer would be made using
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Question 25 of 50
25. Question
The right way to buy or sell stock in the stock exchange within a stipulated period is
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Question 26 of 50
26. Question
The share value stated on a share certificate is
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Question 27 of 50
27. Question
The bank which acts as the lender of the last resort is
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Question 28 of 50
28. Question
The issue of shares which allows existing shareholders to buy shares at a preferential price is
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Question 29 of 50
29. Question
The financial market where existing shares and bonds are bought and sold is the
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Question 30 of 50
30. Question
An insurance policy that is not a contract of indemnity is
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Question 31 of 50
31. Question
When a company insures the lives of all its employees collectively, the policy is
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Question 32 of 50
32. Question
A cheque could be cashed over the counter by the payee is
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Question 33 of 50
33. Question
A specially-designed mode of transport for conveying liquid and gas is a
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Question 34 of 50
34. Question
The safekeeping of goods produce until they are needed is
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Question 35 of 50
35. Question
One of the objectives of the Niger Basin Commission is to
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Question 36 of 50
36. Question
A paid presentation about a product with a view to encouraging purchases by an identifiable sponsor is
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Question 37 of 50
37. Question
The face-to-face meeting of the seller with the buyer for the purpose of making sales is
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Question 38 of 50
38. Question
The activity which improves the appearance of a product and also aimed at protecting it is
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Question 39 of 50
39. Question
Which of the following is not a component of the marketing mix?
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Question 40 of 50
40. Question
The marketing term which regards the consumer as king that must be satisfied is
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Question 41 of 50
41. Question
An agreement that is enforceable in law is
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Question 42 of 50
42. Question
A contract will not be discharged through
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Question 43 of 50
43. Question
A person engaged for the purpose of bringing his principal and a third party into a contractual relation is
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Question 44 of 50
44. Question
The additional commission paid to agents for guaranteeing payment is
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Question 45 of 50
45. Question
The transfer of ownership of a business from governed to the public is
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Question 46 of 50
46. Question
One of the disadvantages of privatization is that it
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Question 47 of 50
47. Question
The management function which involves measuring outcomes and taking corrective action to reduce error is
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Question 48 of 50
48. Question
In the delegation of authority, the subordinate officer is
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Question 49 of 50
49. Question
A medium for intra-departmental communication is
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Question 50 of 50
50. Question
Which of the following is not an objective of ECOWAS?
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Responses