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Wednesday, 01 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 2731:
WAEC 2004
An increase in the volume of sales is also an increase in
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  • A Profit
  • B Turnover
  • C Fixed assets
  • D Owner's equity
View Answer & Explanation
Question 2732:
WAEC 2004
The working capital of a firm is calculated as
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  • A Current assets minus current liabilities
  • B Current liabilities minus fixed assets
  • C Value of all assets
  • D Value of issued capital
View Answer & Explanation
Question 2733:
WAEC 2004
Dividend is always expressed as a percentage of total
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  • A Earnings of a business
  • B Value of shares owned
  • C Working capital
  • D Volume of business
View Answer & Explanation
Question 2734:
WAEC 2004
Which of the following is a duty of the Employers Association?
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  • A Procuring raw materials at regular intervals
  • B Establishing a uniform wage scale
  • C Negotiating with the government on sites for firms
  • D Discharging workers when production is low
View Answer & Explanation
Question 2735:
WAEC 2004
A very effective way of resisting the producer's exploitation is to
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  • A Ban the producer
  • B Campaign against the company
  • C Form consumer's association
  • D Form a trade union
View Answer & Explanation

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