Waec Commerce 2012 Past Questions and Answers

Question 46:

• WAEC 2012

The size of of profit of a business is measured by the

A. Closing stock
B. Opening stock
C. Total purchases
D. Rate of turnover

Question 47:

• WAEC 2012

Industrial occupation does not involve the

A. Growing and extraction of raw materials
B. Use of machinery
C. Construction and manufacturing of goods
D. Movement of people and goods

Question 48:

• WAEC 2012

The abbreviation E & O.E. on an invoice seeks to

A. Draw the attention of the buyer to the contents of the document
B. Show that there is no error about price quoted on the invoice
C. Protect the seller against any error on the document
D. Draw the attention of the seller to the contents of the document

Question 49:

• WAEC 2012

The functions of credit and thrift society does not include

A. Charging low interest rate on loans
B. Providing savings facilities
C. Encouraging mutual co-operation of members
D. Providing security for member's property

Question 50:

• WAEC 2012

Throwing cargo overboard in order to save a ship from sinking is

A. Jettison
B. Abandonment
C. Piracy
D. Flotsam