Waec Commerce 2021 Past Questions and Answers

Question 41:

• WAEC 2021

All activities geared towards the distribution and exchange of goods and services is ____________

A. Commerce
B. Market survey
C. Personal selling
D. Trade

Question 42:

• WAEC 2021

The main function of a bureau-de-change is

A. Buying and selling foreign currency
B. Buying and selling securities information
C. Providing trade information
D. Selling goods and services

Question 43:

• WAEC 2021

The right ol a seller to make corrections on invoices is expressed by tlhe term

A. Errors and omissions excepted
B. Errors omissions excluded
C. Errors and omissions exempted
D. Errors and omissions expected

Question 44:

• WAEC 2021

Speed is an important factor to be considered for choice of means of transport where goods are

A. Perishable
B. Interior
C. Fragile
D. Bulky

Question 45:

• WAEC 2021

The practice by which insurance companies share risks with other insurance companies is

A. Contribution
B. Re-insurance
C. Insurance
D. Underwriting