Waec Commerce Past Questions and Answers

Question 1941:

• WAEC 2014

When a ship overstays the allowed number of days at the port, it is made to pay

A. Interest
B. Tariff
C. Demurrage
D. Commission

Question 1942:

• WAEC 2014

The place where bankers meet daily to exchange cheques drawn on each other is known as

A. Capital market
B. Money market
C. Clearing house
D. Discount houses

Question 1943:

• WAEC 2014

An advertising campaign designed to sell one's own products at the expense of other brands is

A. Competitive
B. Persuasive
C. Direct
D. Informative

Question 1944:

• WAEC 2014

Compare a public limited company with partnership under the following headings
(a) formation: (b) Ownership and Control: (c) Source of Capital: (d) Liability: (e) Dissolution:.

Question 1945:

• WAEC 2014

(a) Define a multiple shop
(b) State three features of a multiple shop
(c) Explain three advantages and three disadvantages of a Multiple shop.