Commerce 2008 Waec Past Questions and Answers

Question 6 :

• WAEC 2008

Farmers and all other workers concerned with getting raw materials from the earth are engaged in

A. Commercial occupation
B. Manufacturing occupation
C. Constructive occupation
D. Extractive occupation

Question 7 :

• WAEC 2008

The process of making goods attractive and easy to handle is

A. Branding
B. Merchandising
C. Packaging
D. Labelling

Question 8 :

• WAEC 2008

The charges imposed by the government on locally manufactured goods is called

A. Customs duties
B. Excise duties
C. Tariffs
D. Quota

Question 9 :

• WAEC 2008

A grocer invoiced a carton of fish valued at #2,500 for #2,000 only. To correct the error, which of the following documents will be sent to the buyer?

A. Credit note for #500.00
B. Debit note for #500.00
C. Credit note for #2,500.00
D. Debit note for #2,500.00

Question 10 :

• WAEC 2008

The exchange of goods and services among many countries is

A. Multilateral trade
B. Bilateral trade
C. Counter trade
D. Entrepot trade