Waec Commerce 2002 Past Questions and Answers

Question 1:

• WAEC 2002

The distribution and exchange of goods and services for the satisfaction of wants in the concern of?

A. Production
B. Utility
C. Commerce
D. Industry

Question 2:

• WAEC 2002

The distribution and exchange of goods and services for the satisfaction of wants in the concern of?

A. Production
B. Utility
C. Commerce
D. Industry

Question 3:

• WAEC 2002

Transforming raw materials into finished products is an example of?

A. Primary production
B. Secondary production
C. Tertiary production
D. Direct service

Question 4:

• WAEC 2002

Transforming raw materials into finished products is an example of?

A. Primary production
B. Secondary production
C. Tertiary production
D. Direct service

Question 5:

• WAEC 2002

Which of the following is concerned with actual production of goods and services?

A. Commerce
B. Trade
C. Industry
D. Service