Waec Commerce Past Questions and Answers

Question 1876:

• WAEC 2013

Direct sales to consumers by manufacturers is a means of eliminating

A. Wholesalers only
B. Retailers only
C. Middlemen
D. Agents

Question 1877:

• WAEC 2013

A physical restriction placed on the quantity of goods that can be imported is

A. A ban
B. A quota
C. An excise duty
D. An import tax

Question 1878:

• WAEC 2013

A country is said to achieve a trade surplus when total

A. Visible exports exceed total visible imports
B. Invisible exports exceed total invinsible imports
C. Visible exports exceed total invisible imports
D. Visible imports exceed total visible exports

Question 1879:

• WAEC 2013

The process of winding up a public limited company by a court order is known as

A. Termination
B. Dissolution
C. Voluntary liquidation
D. Compulsory liquidation

Question 1880:

• WAEC 2013

A person who undertakes responsibility for forming a new company is

A. Auditor
B. Solicitor
C. Registrar
D. Promoter