Waec Commerce 1996 Past Questions and Answers

Question 1:

• WAEC 1996

Which of the following is not the duty of an entrepreneur?

A. Provision of inital capital
B. Bearing of risks
C. Organization of other factors of production
D. Decision on what to produce
E. Decision on the amount of tax to pay

Question 2:

• WAEC 1996

Which of the following is not the duty of an entrepreneur?

A. Provision of inital capital
B. Bearing of risks
C. Organization of other factors of production
D. Decision on what to produce
E. Decision on the amount of tax to pay

Question 3:

• WAEC 1996

The difference between the total amount of money received by a country and the total amount paid to other countries within a given period is the

A. Trade gap
B. Balance of trade
C. Balance of payments
D. Current account balance
E. Terms of trade

Question 4:

• WAEC 1996

Which of the following is used to transmit typed messages over long distances?

A. Dictaphone
B. Teleprinter
C. Computer
D. Telephone
E. Radio

Question 5:

• WAEC 1996

When a company buys up firms supplying it with raw materials, this is an example of

A. Horizontal integration
B. A holding company
C. Backward integration
D. Consortium
E. Lateral merger