Waec Commerce Past Questions and Answers

Question 111:

• WAEC 1990

The oldest and commonest form of business in Nigeria is?

A. Partnership
B. The co-operative society
C. Sole proprietorship
D. Joint stock veture
E. Public corporation

Question 112:

• WAEC 1990

If a retailer Mr. Aigbojie buys goods manufactured by Adefila Limited from wholesaler Mrs. Jumai, who will prepare the delivery note?

A. Mr. Aigbojie
B. Adefila Limited
C. Mr. Jumai
D. Mr. Aigbojie and Adefila Limited
E. Adefila Limited and Mrs. Jumai

Question 113:

• WAEC 1990

Which of the following is not a factor of product?

A. Capital?
B. Land
C. Labour
D. Organization
E. Staffing

Question 114:

• WAEC 1990

In which class of occupation would you place a taxi driver?

A. Extractive
B. Indirect services
C. Personal services
D. Primary production
E. Commercial services

Question 115:

• WAEC 1990

The purpose of of issuing a credit note is to?

A. Correct errors of overcharging
B. Correct errors of undercharging
C. Write off bad debts
D. Encourage immediate payment
E. Encourage bulk buying