Waec Commerce Past Questions and Answers

Question 2226:

• WAEC 2020

A contract will not be discharged through?

A. Acceptance
B. Aggrement
C. Breach
D. Performance

Question 2227:

• WAEC 2020

A person engaged for the purpose of bringing his principal and a third party into a contractual relation is?

A. An arbiter
B. An auctioneer
C. An agent
D. Middlemen

Question 2228:

• WAEC 2020

The additional commission paid to agents for guaranteeing payment is?

A. Brokerage
B. Del credere
C. Drawback
D. Demurrage

Question 2229:

• WAEC 2020

The transfer of ownership of a business from government to the public is?

A. Commercialization
B. Deregulation
C. Privatization
D. Merger

Question 2230:

• WAEC 2020

One of the disadvantages of privatization is that it?

A. Promotes inefficiency of staff
B. Brings about economic decline
C. Reduces government revenue
D. Causes increase in the prices of products