Waec Commerce Past Questions and Answers

Question 1686:

• WAEC 2010

Mobile shopping involves selling

A. From motor van
B. At a particular spot in the city
C. In multiple shops only
D. From a vending machine

Question 1687:

• WAEC 2010

The provision of adequate number of berths by which ships can load and off-load is the function of the

A. Department of Customs and Excise
B. Ports Authority
C. Shipping and Forwarding Agent
D. National Shipping Line

Question 1688:

• WAEC 2010

Which of the following is not a disadvantage of a one-man business?

A. Unlimited liability owner
B. Life of business limited to life of owner
C. Personal control of business
D. Difficulty in raising additional capital

Question 1689:

• WAEC 2010

Unlimited liability in business implies that the

A. Risk of the owner is limited only to the amount invested
B. Debts are paid with subventions
C. Property of the owners should not be used to secure loans
D. Owners private property can be used to settle the business debts

Question 1690:

• WAEC 2010

Sole proprietorship is a form of business owned by

A. An individual
B. Two or more persons
C. A registered business subsidiary
D. The government