Commerce Past Questions And Answers
1801
(a) Explain industrial occupation. Give three examples.
(b) State three uses of capital as a factor of production.
(c) State four uses of land as a factor of production.
View Discussion (0)WAEC 2011 THEORY1802
A contract can be terminated through
- A. physical combat
- B. family intervention
- C. frustration
- D. consultation
1803
One type of investment that have a variable income is
- A. debentures
- B. preferred shares
- C. government bonds
- D. ordinary shares
1804
An economic activity which deals with natural resources is a form of?
- A. extraction
- B. refining
- C. construction
- D. manufacturing
1805
Turnover may be increased by?
- A. increasing prices and product differentiation
- B. advertising and cutting prices
- C. refusing credits and customer services
- D. increasing the mark-up
1806
The reward for land as a factor of production is
- A. wage
- B. rent
- C. profit
- D. interest
1807
Shares can be forfeited for
- A) non-payment of any due to the company
- B) non-attending three annual general meeting consecutively
- C) non-payment of call money
- D) violent activities at the Annual General Meetings
1808
The most important concept on production is?
- A. utility
- B. wealth creation
- C. transformation
- D. distribution
1809
The practice whereby customers purchase goods without being attended to by shop assistants is
- A. presales service
- B. after sales service
- C. self service
- D. impulse buying
1810
Drawing two parallel lines across a cheque means that it has to be paid into the account of the
- A. payee
- B. drawer
- C. drawee
- D. payer

