Waec Commerce Past Questions and Answers

Question 1986:

• WAEC 2015

turnover could be increased by

A. Increasing prices and product differentiation
B. Advertising and cutting prices
C. Refusing credit and customer services
D. Increasing the mark up and margin

Question 1987:

• WAEC 2015

commerce started as a result of?

A. Speculation
B. Consumption
C. Specialization
D. Nationalization

Question 1988:

• WAEC 2015

which of the following is used for making payments to many people in a single cheque

A. Debit transfer
B. Certified cheque
C. Bank draft
D. Credit transfer

Question 1989:

• WAEC 2015

equity interest in a company is represented by?

A. Preference shares
B. Dividend
C. Debenture
D. Ordinary shares

Question 1990:

• WAEC 2015

when two insurers are liable under a given common policy, the principle of insurance that applies is?

A. Indemnity
B. Subrogation
C. Proximate clause
D. Contribution