Waec Commerce 2017 Past Questions and Answers

Question 11:

• WAEC 2017

when a company sells shares to existing shareholders at preferential rate, this is

A. A right issue
B. Bonus issue
C. Private placing
D. Issue by introduction

Question 12:

• WAEC 2017

The conversion of raw materials into finished goods is performed by?

A. Extractive industry
B. Service occupation
C. Commercial occupation
D. The manufacturing industry

Question 13:

• WAEC 2017

which of the following is not a factor of production

A. Capital
B. Labour
C. Exchange
D. Entrepreneurship

Question 14:

• WAEC 2017

Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000


what is the average stock

A. D12,000
B. D7,000
C. D6,000
D. D5,000

Question 15:

• WAEC 2017

Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000


What is the cost of goods sold

A. D55000
B. D42,000
C. D32,000
D. D28,000