Waec Commerce Past Questions and Answers

Question 1661:

• WAEC 2010

If a businessman wants to insure against dishonesty of the cashier, he will take

A. Burglary policy
B. An employer's liability cover
C. A fidelity guarantee cover
D. A consequential loss policy

Question 1662:

• WAEC 2010

Which of the following describes the reason for international trade

A. Balance of payment
B. Comparative cost advantage
C. Absolute cost advantage
D. Balance of trade

Question 1663:

• WAEC 2010

Small scale retailers continue to survive inspite of serious competition from large scale retailers because they

A. Buy from many manufacturers
B. Maintain personal relationship with customers
C. Stock only one line of goods in their stalls
D. Do not separate business money from personal money

Question 1664:

• WAEC 2010

Small scale retailers continue to survive inspite of serious competition from large scale retailers because they

A. Buy from many manufacturers
B. Maintain personal relationship with customers
C. Stock only one line of goods in their stalls
D. Do not separate business money from personal money

Question 1665:

• WAEC 2010

Which of the following factors is not to be considered in starting a retail trade?

A. Size of the business
B. Nature of the business
C. Amount of capital required
D. Level of tax payable