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Wednesday, 17 June 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 66:
Which of the following price quotation contains the cost price, insurance charges and the cost of transporting the goods?
  • A F.O.R
  • B C & F
  • C F.A.S
  • D F.O.B
  • E C.I.F
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Question 67:
Any powers exercise by a company in pursuance of objectives not authorized by the Memorandum of Association is regarded as?
  • A A trespass
  • B A nuisance
  • C Ultra vires
  • D Uberrimae fidei
  • E Caveat emptor
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Question 68:
The process whereby a firm buys over the assets and liabilities of another firm is known as?
  • A Amalgamation
  • B Cartel
  • C Factoring
  • D Holding
  • E Combine
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Question 69:
It is advantageous to provide services which are natural monopoly through?
  • A Sole trades
  • B Partnership
  • C Public limited liabilities companies
  • D Public enterprises
  • E Co-operative societies
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Question 70:
The rate at which a country's exports exchange for its imports is called?
  • A Balance of payments
  • B Balance of trade
  • C Terms of delivery
  • D Terms of trade
  • E Counter trade
View Answer & Explanation