Waec Commerce 2021 Past Questions and Answers

Question 21:

• WAEC 2021

The process of changing raw materials into finished goods is ____________

A. Construction
B. Extraction
C. Manufacturing
D. Marketing

Question 22:

• WAEC 2021

An example of a primary product is ____________

A. Textile
B. Palm oil
C. Flour
D. Cocoa

Question 23:

• WAEC 2021

The word ''limited" written after the name of a company means that

A. It has a democratic system of management
B. Members are liable to the extent of their shareholdings only
C. The company is a going concern
D. Profit is determined by management

Question 24:

• WAEC 2021

Which type of occupation is a carpenter engaged in?

A. Commercial
B. Construction
C. Extraction
D. Manufacturing

Question 25:

• WAEC 2021

The reward for land as a factor of production is

A. Wage
B. Rent
C. Profit
D. Interest