Waec Commerce Past Questions and Answers

Question 2236:

• WAEC 2020

One advantage of sole proprietorship is that?

A. Access to large capital is easy
B. Decisions are made promptly
C. Business risks are spread
D. Continuity of business is assured

Question 2237:

• WAEC 2020

A business unit in which savings of members are lent to others is a?

A. Consumer cooperative society
B. Producer cooperative society
C. Credit and thrift society
D. Wholesale cooperative society

Question 2238:

• WAEC 2020

The document issued to a public company allowing it to commence business is the?

A. Article of association
B. Certificate of incorporation
C. Memorandum of association
D. Certificate of trading

Question 2239:

• WAEC 2020

Which of the following is not a function of a consumer association?

A. Ensuring that consumers buy quality goods
B. Educating consumers on their rights
C. Penalizing importers of fake goods
D. Ensuring that fair prices are charged

Question 2240:

• WAEC 2020

An association formed by computer distributors to safeguard and promote their interest is a?

A. Chamber of commerce
B. Cooperative society
C. Trade association
D. Trade union