Waec Commerce Past Questions and Answers

Question 1646:

• WAEC 2009

Which of the following is not a function of an entrepreneur?

A. Co-ordiantion
B. Risk-bearing
C. Entertaining
D. Making decision

Question 1647:

• WAEC 2009

A place where dutiable goods are kept until duties on them are paid is known as

A. Private warehouse
B. Public warehouse
C. Bonded warehouse
D. Manufacturer's warehouse

Question 1648:

• WAEC 2009

The cost of advertising is ultimately borne by the

A. Manufacturer
B. Consumer
C. Wholesaler
D. Retailer

Question 1649:

• WAEC 2009

(a) Differentiate between industry and commerce.
(b) List and explain four activities of those engaged in commercial occupations

Question 1650:

• WAEC 2009

Explain five benefits that would be derived and five losses that would be suffered when a sole trader admits other partners.