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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 756:
The aspect of management which ensures that there is no deviation from the set standards is called
  • A Controlling
  • B Planning
  • C Commanding
  • D Organizing
  • E Directing
View Answer & Explanation
Question 757:
When a Public Limited Company is incorporated it means that
  • A It is entitled to commence business
  • B It has been given certificate of trading
  • C It has a legal existence
  • D Its shares cannot be transffered
  • E It has to issue a statutory declaration
View Answer & Explanation
Question 758:
The Manager,
Afribank,
Lagos.
Please pay to Great Nigeria Insurance Company, from my account, a sum of #125.00 at the end of every month until further notice, starting from this month.
The above instruction is a
  • A Bill of exchange
  • B Certified cheque
  • C Promissory note
  • D Standing order
  • E Letter of credit
View Answer & Explanation
Question 759:
A retailer's mark-up is his
  • A Total cost less total sales
  • B Total sales less total returns
  • C Gross profit less expenses
  • D Sales dividend be average stock
  • E Selling price less cost price
View Answer & Explanation
Question 760:
Debenture is an example of
  • A Fixed capital
  • B Share capital
  • C Loan capital
  • D Working capital
  • E Circulating capital
View Answer & Explanation