Waec Commerce Past Questions and Answers

Question 2196:

• WAEC 2020

Commerce is defined as

A. Buying and selling of goods and services only
B. All activities in the distribution and exchange of goods and services
C. All activities involved in the production of goods and services
D. Transporting and warehousing of goods only

Question 2197:

• WAEC 2020

The types of occupation that a broker belongs to is?

A. Commercial
B. Construction
C. Extraction
D. Manufacturing

Question 2198:

• WAEC 2020

A form of money which was not used in the early days to trade is?

A. Tobacco
B. Metal bars
C. Cowries
D. Coins

Question 2199:

• WAEC 2020

Which of the following activities is not an example of the extractive industry?

A. Weaving
B. Quarrying
C. Hunting
D. Fishing

Question 2200:

• WAEC 2020

The factor of production which bear all the risk of the business is?

A. Capital
B. Entrepreneurship
C. Labour
D. Land