Waec Commerce 2005 Past Questions and Answers

Question 6:

• WAEC 2005

Production is defined as?

A. An industrial undertaking
B. Creation of utility
C. Earning ones daily bread
D. The changing of raw materials

Question 7:

• WAEC 2005

An advantage of a public limited company over a private one is the?

A. Limited liability of shareholders
B. Easy transferability of shares
C. Access to retained earnings
D. Less taxation by government

Question 8:

• WAEC 2005

The distribution of profits based upon the level of patronage in the business is a common feature of?

A. Partnership firms
B. Public limited companies
C. Co-operative societies
D. Private limited companies

Question 9:

• WAEC 2005

The fee which the bank charges for services rendered to their current account customers is?

A. Commission on turnover
B. Bank rate
C. Minimum lending rate
D. Interest

Question 10:

• WAEC 2005

The fee which the bank charges for services rendered to their current account customers is?

A. Commission on turnover
B. Bank rate
C. Minimum lending rate
D. Interest