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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 851:

The reward of entrepreneurship as a factor of production is

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A Interest
B Commission
C Profit
D Salary
E Rent

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Question 852:

A document issued to a buyer showing the quantity description and prices of goods bought is called

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A A catalogue
B An invoice
C A price list
D An order
E An advice note

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Question 853:

Which of the following describes the marketing mix?

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A Distribution, production policy, promotion, pricing policy
B Product planning, development , market research, price
C Product, Price, place, development
D Communication, advertising, pricing, promotion
E Advertising, pricing, development, communication

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Question 854:

Which of the following is not a negotiable instrument?

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A Invoice
B Money order
C Cheque
D Promissory note
E Bill of exchange

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Question 855:

Which of the following is not a function of the Nigerian Airport Authority?

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A Maintains the buildings and tarmac
B Collects airport taxes
C Controls movement of aircrafts
D Maintains all aircrafts in the country
E Maintains security

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