Waec Commerce 1992 Past Questions and Answers

Question 1:

• WAEC 1992

The three main division of production are?

A. Extraction, manufacturing and construction
B. Import, export and entrepot
C. Industry, commerce and direct service
D. Industry, trade and direct service

Question 2:

• WAEC 1992

The three main division of production are?

A. Extraction, manufacturing and construction
B. Import, export and entrepot
C. Industry, commerce and direct service
D. Industry, trade and direct service

Question 3:

• WAEC 1992

Into which of the following two broad areas can trade be divided?

A. Home and foreign trade
B. Home and retail trade
C. Wholesale and retail trade
D. Foreign and wholesale trade
E. Import and exports

Question 4:

• WAEC 1992

Which of the following is not true of a sole proprietorship?

A. It has a separate legal entity
B. It has unlimited liability
C. It has a slim chances of expansion
D. The capital is small
E. It can convert into a company

Question 5:

• WAEC 1992

Which of the following is an investor earns profit on the basis of his patronage?

A. Debenture holder
B. Partner
C. Sole proprietor
D. Co-operative member
E. Shareholder