Waec Commerce 2009 Past Questions and Answers

Question 11:

• WAEC 2009

The taking over of privately owned businesses by the government is called

A. Indigenization
B. Commercialization
C. Nationalization
D. Privatization

Question 12:

• WAEC 2009

The rate of turnover is the number of times within a given period that

A. Stock is sold and replaced
B. Closing stock is sold and replaced
C. Purchases are added to stock
D. Average stock is sold

Question 13:

• WAEC 2009

Which of the following would be used when goods are sent through independent carriers?

A. Delivery note
B. Despatch note
C. Consignment note
D. Advice note

Question 14:

• WAEC 2009

Which of the following is a feature of sole proprietorship?

A. Legal entity
B. Unlimited liability
C. Limited liability
D. Continuity

Question 15:

• WAEC 2009

If a country devalues its currency, there would be

A. Reduction in imports
B. Reduction in exports
C. Increase in production locally
D. Increase in local standard living