2004 WAEC Commerce Past Questions & Answers - page 1

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1
Which of the following is not a function of commerce?

A
advertising goods
B
creation of goods
C
increasing profit made
D
distribution of goods

Correct Option: A

No further explanations yet...

2
Which of the following is not a function of commerce?

A
advertising goods
B
creation of goods
C
increasing profit made
D
distribution of goods

Correct Option: A

No further explanations yet...

3
Which of the following is not a function of commerce

A
advertising goods
B
creation of goods
C
increasing profit made
D
distribution of goods

Correct Option: C

No further explanations yet...

4
Any activity that changes raw materials into consumer or industrial goods is

A
Constructive
B
assembling
C
extractive
D
manufacturing

Correct Option: D

No further explanations yet...

5
The divisions of production are

A
industry,banking and services
B
industry,manufacturing and services
C
industry,commerce and services
D
industry, commerce and services

Correct Option: C

No further explanations yet...

6
Risks in business are borne by the

A
consumer
B
entrepreneur
C
marketing manager
D
personnel manager

Correct Option: B

No further explanations yet...

7
The main aim of credit and thrift societies is to

A
settle disputes among members
B
educate their members
C
secure loans for members
D
encourage savings among members

Correct Option: D

No further explanations yet...

8
In which of the following business units are profits shared on the basis of membership patronage?

A
public enterprise
B
partnership
C
co-operative society
D
public limited liability company

Correct Option: C

No further explanations yet...

9
A business becomes a separate legal entity after it has

A
started operation
B
been incorporated
C
been insured
D
been accepted by the public

Correct Option: B

No further explanations yet...

10
The amalgamation of firms engaged in cotton processing and the manufacturing of textiles is

A
horizontal integration
B
vertical integration
C
lateral integration
D
joint venture

Correct Option: B

No further explanations yet...

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