Waec Commerce 2004 Past Questions and Answers

Question 6:

• WAEC 2004

The divisions of production are

A. Industry,banking and services
B. Industry,manufacturing and services
C. Industry,commerce and services
D. Industry, commerce and services

Question 7:

• WAEC 2004

Risks in business are borne by the

A. Consumer
B. Entrepreneur
C. Marketing manager
D. Personnel manager

Question 8:

• WAEC 2004

The main aim of credit and thrift societies is to

A. Settle disputes among members
B. Educate their members
C. Secure loans for members
D. Encourage savings among members

Question 9:

• WAEC 2004

In which of the following business units are profits shared on the basis of membership patronage?

A. Public enterprise
B. Partnership
C. Co-operative society
D. Public limited liability company

Question 10:

• WAEC 2004

A business becomes a separate legal entity after it has

A. Started operation
B. Been incorporated
C. Been insured
D. Been accepted by the public