Waec Commerce 1994 Past Questions and Answers

Question 76:

• WAEC 1994

(a) Who is an agent?
(b) Give six duties of an agent.
(c) State three rights of an agent.

Question 77:

• WAEC 1994

(a) What is production?
(b) Explain the different activities involved in industrial, commercial and service occupations.

Question 78:

• WAEC 1994

(a) What is transportation by pipeline?
(b) Explain any four advantages and four disadvantages of transportation by pipeline.

Question 79:

• WAEC 1994

(a) Distinguish between commercial banks and merchant banks.
(b) Explain each of the following:
(i) Order cheque
(ii) Bearer cheque
(iii) Certified cheque
(iv) Non-Negotiable cheque.

Question 80:

• WAEC 1994

Explain five ways by which NITEL has contributed to the success of business in Nigeria.