Waec Commerce 2016 Past Questions and Answers

Question 46:

• WAEC 2016

a person or firm to whom money is owed is?

A. Banker
B. Guarantor
C. Debtor
D. Creditor

Question 47:

• WAEC 2016

A general tax which applies at each point of exchange of goods and service is?

A. A specific tax
B. An ad valorem tax
C. Value added tax
D. Direct tax

Question 48:

• WAEC 2016

if a business uses part of its profit to develop the area where it operates, the business is fulfilling its?

A. Economic responsibility
B. Marketing responsibility
C. Social responsibility
D. Managerial responsibility

Question 49:

• WAEC 2016

production ends when goods and services?

A. Reach the final user
B. Are used for manufacturing
C. Are packed and labelled
D. Are sold to the middlemen

Question 50:

• WAEC 2016

the process of converting a non profit making organisation to a profit making business is?

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