Waec Commerce 2016 Past Questions and Answers

Question 21:

• WAEC 2016

The process of buying, selling and distribution of goods and services is

A. Retail trade
B. Commerce
C. Marketing
D. Marketing concept

Question 22:

• WAEC 2016

Risk bearing in a business organisation is a function of the?

A. Employees
B. Entrepreneur
C. Customer
D. Manager

Question 23:

• WAEC 2016

the worth of a life assurance policy before its maturity date is?

A. Residual value
B. Surrender value
C. Accrued value
D. Assured value

Question 24:

• WAEC 2016

one disadvantage of advertising is that it

A. Could be misleading
B. Reduce sales
C. Reduce profit
D. Causes over stocking

Question 25:

• WAEC 2016

The business unit that applies the principle of one man one vote is?

A. Sole proprietorship
B. Partnership
C. Co-operative society
D. Public company