Waec Commerce 2005 Past Questions and Answers

Question 1:

• WAEC 2005

The form of trade practised by the early men was characterized by?

A. Exchange of goods for money
B. Efficient distribution system
C. Exchange of goods for goods
D. Organized warehousing

Question 2:

• WAEC 2005

The form of trade practised by the early men was characterized by?

A. Exchange of goods for money
B. Efficient distribution system
C. Exchange of goods for goods
D. Organized warehousing

Question 3:

• WAEC 2005

Which of the following is an advantage of indigenization?

A. Checks exploitation by citizens
B. Business risk are shared
C. Fosters self-reliance
D. Leads to monopoly of power

Question 4:

• WAEC 2005

Farming is an activity that falls under?

A. Tertiary occupation
B. Commercial occupation
C. Extractive occupation
D. Secondary occupation

Question 5:

• WAEC 2005

Which of the following coordinates other factors of production to achieve set objectives?

A. Land
B. Labour
C. Enterprenuer
D. Capital