Waec Commerce Past Questions and Answers

Question 81:

• WAEC 1989

For continuous existence, a service oriented concern depends on?

A. Liquid assets
B. Middlemen
C. Patronage of consumers
D. Legislation of the ruling political party
E. Staff strength of the concern

Question 82:

• WAEC 1989

Which of the following is not one of the functions of warehousing?

A. Goods are avaiable where the are required
B. Goods are stored until the are required
C. Production takes place ahead of demand
D. Changes are avoided in prices which may result from shortage and gults
E. Goods are available when required

Question 83:

• WAEC 1989

Which of the following is not a problem of distribution, sales and merchandizing?

A. Transporting goods
B. Trade malpractices
C. Pressure of sales
D. Sales force complacency
E. Easy payment for purchases

Question 84:

• WAEC 1989

Which of the following shows the financial position of a business on a given date?

A. Bank statement
B. Balance sheet
C. Journal
D. Cash book
E. Trial Balance

Question 85:

• WAEC 1989

The last link in the chain of distribution is the?

A. Wholesaler
B. Retailer
C. Consumer
D. Factor
E. Advertiser