Waec Commerce 2005 Past Questions and Answers

Question 76:

• WAEC 2005

Which of the following is not a function of money?

A. Double coincidence of wants
B. Medium of exchange
C. Measure of value
D. Store of wealth

Question 77:

• WAEC 2005

Which of the following is true of rail transport?

A. Suitable for perishable goods
B. Cheaper over long distances
C. It does not require trans-shipment of goods
D. Has no fixed route

Question 78:

• WAEC 2005

The process of dividing market into identifiable sub-markets is known as

A. Marketing concept
B. Market segmentation
C. Market research
D. Market orientation

Question 79:

• WAEC 2005

Legal tender consists of

A. Cheques and coins
B. Bank drafts and cheques
C. Currency notes and coins
D. Money order and currency notes

Question 80:

• WAEC 2005

(a) Distinguish between trade and commerce.
(b) Describe five different activities engaged in by people in commercial occupations.