Waec Commerce Past Questions and Answers

Question 701:

• WAEC 1996

Which of the following services is not rendered by NIPOST

A. Express delivery
B. Recorded delivery
C. Parcel post
D. Telephone
E. Cash delivery

Question 702:

• WAEC 1996

Which of the following functions may not be performed by a whole saler?

A. Transporting
B. Warehousing
C. Financing
D. Branding
E. Manufacturing

Question 703:

• WAEC 1996

The commercial term "Caveat emptor" means, Let the

A. Buyer beware
B. Seller beware
C. Manufacturer beware
D. Account be settled
E. Endorser be careful

Question 704:

• WAEC 1996

Which of the following is not a business resource?

A. Wages
B. Man
C. Money
D. Material
E. Machine

Question 705:

• WAEC 1996

In which of the following business units are the owners mostly the customers?

A. Co-operatives
B. Partnerships
C. Public corporations
D. Limited liability companies
E. Sole proprietorship