Commerce Past Questions And Answers
Those who are engaged in the distribution of goods belong to
- A. commercial occupation
- B. extractive industry
- C. manufacturing industry
- D. construction industry
The production process that combines two or more raw materials into one end product is
- A. conditioning
- B. blending
- C. merging
- D. synthesis
If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?
- A. N56 250
- B. N43 750
- C. N43 250
- D. N6250
(a) State two advantages of courier services.
(b) List and explain six communication services rendered by the post office.
View Discussion (0)WAEC 2011 THEORYOpening the stock plug plus purchase of less closing the stock gives?
- A. the rate of turnover
- B. cost of goods sold
- C. working capital
- D. net profit
Stevedores as a term in foreign trade means men who
- A) inspect goods in ships
- B) import goods by ships
- C) collect duties
- D) load and unload ships
Which of the following is a feature peculiar to multiple shops?
- A. Central location
- B. Self service
- C. Central buying
- D. One stop shopping
Which of the following government legislation is not aimed at consumer protection?
- A. Taxation Law
- B. Sales of Goods Act
- C. Food and Drugs Act
- D. Standards Organization Act
Which of the following is classified as invisible item in balance of payment?
- A. import of goods
- B. Salaries of expartriates
- C. Export of groundnuts
- D. Sale of equipment
The distribution and exchange of goods and services for the satisfaction of wants is the concern of
- A) Production
- B) Utility
- C) Commerce
- D) Industry

