Waec Commerce 1998 Past Questions and Answers

Question 101:

• WAEC 1998

Penalty imposed by a ship owner for exceeding the period charter is

A. Lump sum
B. Dock dues
C. Tariff
D. Demurrage
E. Dead frieght

Question 102:

• WAEC 1998

A symbol that is used to distinguish a company's product from others is a

A. Licence
B. Trade mark
C. Patent right
D. Trade permit
E. Copy right

Question 103:

• WAEC 1998

Which of the following is not true of air transport?

A. It is used to transport goods of high value
B. Has high operating costs
C. It is good for transporting blood for infusion
D. Operates normally irrespective of weather conditions
E. It travels on schedule

Question 104:

• WAEC 1998

(a) What is production?
(b) Illustrate with a labeled diagram the main divisions and subdivisions of production.

Question 105:

• WAEC 1998

(a) Mention four types of co-operative societies.
(b) State two distinguishing features and two functions of each type mentioned in 2(a) above.