Commerce 2001 Waec Past Questions and Answers

Question 1 :

• WAEC 2001

Which of the following best describes commerce?

A. Buying and selling goods and services
B. Buying, selling and distribution and services
C. Preserving goods until they are needed
D. Making goods and services known to people

Question 2 :

• WAEC 2001

Which of the following best describes commerce?

A. Buying and selling goods and services
B. Buying, selling and distribution and services
C. Preserving goods until they are needed
D. Making goods and services known to people

Question 3 :

• WAEC 2001

hose who are engaged in exploiting natural resources are in?

A. Extractive occupation
B. Constructive occupation
C. Commercial occupation
D. Manufacturing occupation

Question 4 :

• WAEC 2001

Which of the following classified under production?

A. Cloth making
B. Shoe mining
C. Coal mining
D. Road construction

Question 5 :

• WAEC 2001

The mark-up of a retailer represents the?

A. Gross profit
B. Opening stock
C. Closing stock
D. Net profit