Waec Commerce 2011 Past Questions and Answers

Question 46:

• WAEC 2011

A false statement made by one party with an intention of inducing to enter into a contract with him is known as

A. Misrepresentation
B. Legal capacity
C. Consensus ad idem
D. Consideration

Question 47:

• WAEC 2011

The essence of adopting marketing concept by a firm is the recognition that goods and services have no values unless they are

A. Desirable to customers
B. Company oriented
C. Beautifully packaged
D. Profit oriented

Question 48:

• WAEC 2011

When consumers engage in actions that express dissatisfaction with the quantity, price and quality of goods available, such action is termed

A. Consumer behaviour
B. Consumerism
C. Consumer education
D. Consumer orientation

Question 49:

• WAEC 2011

(a) Explain industrial occupation. Give three examples.
(b) State three uses of capital as a factor of production.
(c) State four uses of land as a factor of production.

Question 50:

• WAEC 2011

(a) State five features of a partnership business.
(b) Explain five reasons why governments participate in business.