Waec Commerce Past Questions and Answers

Question 571:

• WAEC 1994

(a) What is Credit?
(b) Explain three ways by which banks grant credit to customers.
(c) Give two advantages and three disadvantages of credit sales.

Question 572:

• WAEC 1994

Explain any five ways in which nationalised industries differ from public limited companies.

Question 573:

• WAEC 1994

(a) Who is an agent?
(b) Give six duties of an agent.
(c) State three rights of an agent.

Question 574:

• WAEC 1994

(a) What is production?
(b) Explain the different activities involved in industrial, commercial and service occupations.

Question 575:

• WAEC 1994

(a) What is transportation by pipeline?
(b) Explain any four advantages and four disadvantages of transportation by pipeline.