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 started as a result of __________.
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Question 2 of 50
2. Question
The process of changing raw materials into finished goods is _________.
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Question 3 of 50
3. Question
An example of a primary product is ____________.
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Question 4 of 50
4. Question
All activities geared towards the distribution and exchange of goods and services is ________.
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Question 5 of 50
5. Question
The word “limited” written after the name of a company means that _________.
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Question 6 of 50
6. Question
Which type of occupation is a carpenter engaged in?
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Question 7 of 50
7. Question
The reward for land as a factor of production is _________.
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Question 8 of 50
8. Question
Which of the following businesses can raise capital through the stock exchange?
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Question 9 of 50
9. Question
A group of people representing a cross-section of business interests in an area is __________.
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Question 10 of 50
10. Question
One of the disadvantages of selling on credit is _________.
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Question 11 of 50
11. Question
A number of shops under one roof is a ________.
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Question 12 of 50
12. Question
An organization of producers of similar products, which controls output with the intention to fix price is a _________.
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Question 13 of 50
13. Question
One of the functions of a trade association is to ________.
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Question 14 of 50
14. Question
The practice of selling goods to a foreign country at lower prices than obtainable in the exporting country is _________.
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Question 15 of 50
15. Question
A foreign order which instructs an agent to buy certain goods from a particular supplier is ________.
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Question 16 of 50
16. Question
Which of the following is not a condition for dissolution of a partnership?
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Question 17 of 50
17. Question
A country’s balance of trade of $20 million shows that its ________.
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Question 18 of 50
18. Question
The collection of import duty is a function of the _________.
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Question 19 of 50
19. Question
An error on an invoice may be rectified by issuing _________.
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Question 20 of 50
20. Question
Use the information below to answer the following question
₦
Opening Stock 4,000
Closing Stock 12,000
Purchases 17,000
What is the average stock?
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Question 21 of 50
21. Question
Use the information below to answer the following question
₦
Opening Stock 4,000
Closing Stock 12,000
Purchases 17,000
The cost of goods sold is ________.
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Question 22 of 50
22. Question
The expected response from the recipient of a quotation is to send _______.
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Question 23 of 50
23. Question
The main function of a bureau-de-change is __________.
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Question 24 of 50
24. Question
The right of a seller to make corrections on invoices is expressed by the term _______.
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Question 25 of 50
25. Question
Speed is an important factor to be considered for choice of means of transport where goods are ______.
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Question 26 of 50
26. Question
The practice by which insurance companies share risks with other insurance companies is __________.
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Question 27 of 50
27. Question
One of the functions of the ports authority is __________.
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Question 28 of 50
28. Question
Which of the following means of payment requires acceptance by the debtor to make it valuable?
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Question 29 of 50
29. Question
The purpose for which the Central Bank sells securities is to _________.
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Question 30 of 50
30. Question
The amount a current account holder is allowed to withdraw in excess of the balance in his account is ________.
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Question 31 of 50
31. Question
Which of the following business risks would an insurance firm not cover for an entrepreneur?
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Question 32 of 50
32. Question
One of the qualities of tradable goods is ____________.
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Question 33 of 50
33. Question
Which of the following instruments of payment could be used in international trade?
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Question 34 of 50
34. Question
Bonded warehouses are supervised by ________.
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Question 35 of 50
35. Question
An advertising campaign by a chicken seller designed to sell his products at the expense of a beef seller is _________.
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Question 36 of 50
36. Question
The main idea of the marketing concept is that all the firm’s plans and operations should be ____________.
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Question 37 of 50
37. Question
A person who is employed for the purpose of bringing his principal into contractual relationship with third parties is _________.
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Question 38 of 50
38. Question
The transfer of a government company to the public is _______.
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Question 39 of 50
39. Question
One of the roles performed by middle managers is ________.
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Question 40 of 50
40. Question
Which of the following is responsible for protecting consumers against poor quality goods?
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Question 41 of 50
41. Question
The saying that the ‘consumer is always right’ describes the doctrine of ________.
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Question 42 of 50
42. Question
A disadvantage of privatization is that _________.
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Question 43 of 50
43. Question
The act of placing goods in glass shields in front of shops to attract passersby is __________.
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Question 44 of 50
44. Question
The practice of making a state firm more profit-oriented is __________.
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Question 45 of 50
45. Question
Trade fairs and exhibitions are media of ________.
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Question 46 of 50
46. Question
The income generated from tourism forms part of the country’s ________.
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Question 47 of 50
47. Question
An objective of the European Union is to _________.
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Question 48 of 50
48. Question
An inventor of a new machine for canning tomatoes can protect his product by ___________.
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Question 49 of 50
49. Question
The concept of determining the objectives of a business and stating how they can be actualized is ________.
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Question 50 of 50
50. Question
One of the aims of ECOWAS is to _________.
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