Waec Commerce 2016 Past Questions and Answers

Question 6:

• WAEC 2016

The main concern of commerce is?

A. Create wealth
B. Buy and sell goods and services
C. Exchange and distribution of goods and services
D. Satisfy all human wants

Question 7:

• WAEC 2016

The organized efforts of consumers to protect themselves against the unfair practices of businessmen is?

A. Strike
B. Consumerism
C. Picketing
D. Demonstration

Question 8:

• WAEC 2016

which of the following legislations aims primarily at protection of consumers

A. Law of contract
B. Trade description act
C. Company's act
D. Partnership act

Question 9:

• WAEC 2016

in a law of contract, a counter offer operates as?

A. An acceptance
B. A consensus
C. A rejection
D. A contract

Question 10:

• WAEC 2016

An economy policy which encourages governement ownership of business is called?

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