Waec Commerce Past Questions and Answers

Question 421:

• WAEC 1993

Which of the following is not a branch of production?

A. Consumption
B. Extraction
C. Manufacturing
D. Distribution
E. Direct services

Question 422:

• WAEC 1993

In which class of occupation would doctors, teachers and entertainers be grouped?

A. Extraction
B. Industrial
C. Direct Service
D. Commercial
E. Industrial Service

Question 423:

• WAEC 1993

Department stores are usually located?

A. Where low income earners live
B. In suburban towns
C. At city centres
D. In low rental areas
E. In areas free from traffic jam

Question 424:

• WAEC 1993

Which of the following statements is true of the manufacturing industry?

A. The factors of production cannot move to other occupations
B. It is involved in changing raw materials to finished goods
C. Its product cannot be distributed to consumers
D. It doesn't not benefit from the services of direct labour
E. The workers are unskilled

Question 425:

• WAEC 1993

Any action taken by a company outside its stated objective is regarded as?

A. Caveat vendetta
B. Trepass
C. Ultra vires
D. Uberrimae fidei
E. A nuisance