Search SchoolNGR

Thursday, 12 November 2026
Register . Login

Commerce Past Questions and Answers

Waec Commerce Questions

Question 586:
A public limited company has the rights and duties of an individual because it?
  • A Has a board of directors
  • B Has a trading certificate
  • C Has corporate status'
  • D Has a memorandum of association
  • E Is so stated in articles of association
View Answer & Explanation
Question 587:
The total indebtedness of a business is the same as its
  • A Liabilities
  • B Liquid capital
  • C Solvency
  • D Capital employed
  • E Working capital
View Answer & Explanation
Question 588:
All activities involved in the distribution and exchange of goods and services are referred to as?
  • A Trade
  • B Market survey
  • C Advertising
  • D Commerce
  • E Sales promotion
View Answer & Explanation
Question 589:
Land as a factor of production comprises?
  • A All resources provided by nature
  • B The earth surface only
  • C Land surface and vegetation
  • D Efforts to exploit the earth
  • E The oceans and rivers only
View Answer & Explanation
Question 590:
Goods are usually classified into?
  • A Saleable and nonisaleable good
  • B Inferior and superior goods
  • C Luxurious and essential goods
  • D Producer and consumer goods
  • E Home made and foreign made goods
View Answer & Explanation