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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 681:

A retail co-operative society aims at

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A Encouraging members to save money
B Buying seeds and fertilizers
C Manufacturing goods as cheaply
D Lending money to members at low rate of interest
E Cutting off the profits of middlemen

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Question 682:

The value of a product expressed in monetary terms is known as

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A Utility
B Price
C Premium
D Commission
E Interest

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Question 683:

Which of the following is not true of franking machines ?

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A Hired by companies and licensed by NIPOST
B Print postage imprssion on mails
C Can print company's logo on mails
D Advance payment must be made to NIPOST
E Postage stamp is used

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Question 684:

Which of the following is suitable for transporting fish a long distance?

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A Tramp
B Cargo liner
C Tanker
D Barge
E Refrigerated ship

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Question 685:

Which of the following is not an element of a contract?

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A Consideration
B Probability
C Legality
D Capacity
E Consensus

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