Waec Commerce Past Questions and Answers

Question 6:

• WAEC 1989

Which of the following support the view that there was commerce in Nigeria many years ago?

A. The economy was consistent
B. Specialization was minimal
C. Cowries were used as money
D. Horses wee used as means of transportation
E. Communities were interdependent

Question 7:

• WAEC 1989

Which of the following towns was important to the trans-Saharan traders?

A. Enugu
B. Oyo
C. Llorin
D. Kaduna
E. Kano

Question 8:

• WAEC 1989

Production ends when goods?

A. And services are used by the producer
B. Are packed and labelled
C. Are sold in the market
D. And services reach the final user
E. Are advertised to the consumers

Question 9:

• WAEC 1989

A counter offer operates as?

A. An acceptance
B. An offer
C. A rejection
D. An agreement
E. A contract

Question 10:

• WAEC 1989

In the contract of sale of goods,"let the buyer beware" is signified by?

A. Del credere
B. Uberrima fidei
C. Caveat emptor
D. Res ipsa loquitor
E. Caveat vendetta