Waec Commerce 2014 Past Questions and Answers

Question 51:

• WAEC 2014

(a) Define a multiple shop
(b) State three features of a multiple shop
(c) Explain three advantages and three disadvantages of a Multiple shop.

Question 52:

• WAEC 2014

(a) State five problems of barter system of trading
(b) Explain five ways in which the introduction of money has solved the problems stated in 3 (a) above.

Question 53:

• WAEC 2014

Explain each of the following insurance concepts
(a) non indemnity insurance
(b) Group insurance
(c) Re-insurance
(d) Under insurance
(e) Consequential loss insurance.

Question 54:

• WAEC 2014

(a) What is packaging
(b) State three disadvantages of packaging
(c) State five reasons for the packaging of products by Manufacturers.

Question 55:

• WAEC 2014

(a) Define a contract of sale
(b) Outline six items that must be contained in a contract sale.