Waec Commerce 1998 Past Questions and Answers

Question 11:

• WAEC 1998

The reward of entrepreneurship as a factor of production is

A. Interest
B. Commission
C. Profit
D. Salary
E. Rent

Question 12:

• WAEC 1998

A document issued to a buyer showing the quantity description and prices of goods bought is called

A. A catalogue
B. An invoice
C. A price list
D. An order
E. An advice note

Question 13:

• WAEC 1998

Which of the following describes the marketing mix?

A. Distribution, production policy, promotion, pricing policy
B. Product planning, development , market research, price
C. Product, Price, place, development
D. Communication, advertising, pricing, promotion
E. Advertising, pricing, development, communication

Question 14:

• WAEC 1998

Which of the following is not a negotiable instrument?

A. Invoice
B. Money order
C. Cheque
D. Promissory note
E. Bill of exchange

Question 15:

• WAEC 1998

Which of the following is not a function of the Nigerian Airport Authority?

A. Maintains the buildings and tarmac
B. Collects airport taxes
C. Controls movement of aircrafts
D. Maintains all aircrafts in the country
E. Maintains security