Waec Commerce Past Questions and Answers

Question 106:

• WAEC 1990

Which of the following does not belong to the industry?

A. Farming
B. Insuring
C. Mining
D. Drilling
E. Fishing

Question 107:

• WAEC 1990

Which of the following is one of the functions of commerce?

A. Manufacturing
B. Growing of tomatoes
C. Storage of goods
D. Construction of roads
E. Car assemblying

Question 108:

• WAEC 1990

Which of the following is one of the functions of commerce?

A. Manufacturing
B. Growing of tomatoes
C. Storage of goods
D. Construction of roads
E. Car assemblying

Question 109:

• WAEC 1990

Opening stock.................N1000
Closing stock.................N9000
Purchases.....................N14,000
The average stock is?

A. N2000
B. N3000
C. N5000
D. N6000
E. N7000

Question 110:

• WAEC 1990

Opening stock.................N1000
Closing stock.................N9000
Purchases.....................N14,000
The cost of goods sold is?

A. N6000
B. N10000
C. N42000
D. N16000
E. 20000