1992 WAEC Commerce Past Questions & Answers - page 1

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1
The three main division of production are?

A
extraction, manufacturing and construction
B
import, export and entrepot
C
industry, commerce and direct service
D
industry, trade and direct service

Correct Option: A

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2
Into which of the following two broad areas can trade be divided?

A
home and foreign trade
B
home and retail trade
C
wholesale and retail trade
D
foreign and wholesale trade

Correct Option: A

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3
Which of the following is not true of a sole proprietorship?

A
It has a separate legal entity
B
It has unlimited liability
C
It has a slim chances of expansion
D
The capital is small

Correct Option: A

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4
Which of the following is an investor earns profit on the basis of his patronage?

A
debenture holder
B
partner
C
sole proprietor
D
co-operative member

Correct Option: D

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5
Which of the following is an investor earns profit on the basis of his patronage?

A
debenture holder
B
partner
C
sole proprietor
D
co-operative member

Correct Option: D

No further explanations yet...

6
A group of retailing shops under one management and selling then same products is known as?

A
multiple shop
B
supermarket
C
department stores
D
variety store

Correct Option: A

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7
A group of retailing shops under one management and selling then same products is known as?

A
multiple shop
B
supermarket
C
department stores
D
variety store

Correct Option: A

No further explanations yet...

8
Which of the following saves consumers the time and cost involved in travelling to commercial centres for shopping?

A
Department store
B
Supermarket
C
Mobile shop
D
Wholesale stores

Correct Option: C

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9
When payments is required for goods at the time order is placed, the term of payment quoted is?

A
C.O.D
B
C.W.O
C
C.I.F
D
F.O.R

Correct Option: B

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10
The provision of all kinds of services is related to?

A
primary production
B
secondary production
C
territorial production
D
construction

Correct Option: E

No further explanations yet...

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