Waec Commerce 2011 Past Questions and Answers

Question 1:

• WAEC 2011

When the government gives up its ownership and control of a business to individuals, this is known as

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

Question 2:

• WAEC 2011

When the government gives up its ownership and control of a business to individuals, this is known as

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

Question 3:

• WAEC 2011

The reward received by a party in a contract agreement is known as

A. Consideration
B. Acceptance
C. Offer
D. Warranty

Question 4:

• WAEC 2011

Payment to a ship owner for carrying one's cargo is

A. Demurrage
B. Fare
C. Dock due
D. Freight

Question 5:

• WAEC 2011

Which of the following is not pre-sale service?

A. Repair and maintenance work
B. Providing detailed information about the goods to be purchased
C. Demonstrating the use and performance of the products to be sold
D. Setting up facilities for storing the product to be bought