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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 896:
The words "Account payee only" on a cheque means
  • A It is transferable
  • B Pay only to the holders account
  • C A special crossing
  • D It is a banker's cheque
  • E It is for endorsement
View Answer & Explanation
Question 897:
An association of small scale retailers formed to to encourage bulk buying from manufacturers is known as a
  • A Voluntary chain
  • B Producer co-operative society
  • C Multiple store
  • D Department store
  • E Hypermarket
View Answer & Explanation
Question 898:
The agency in Nigeria which ensures that products conform to government specifications and quality control is the
  • A Nigerian Labour Congress
  • B Manufacturers Association of Nigeria
  • C Nigerian Chamber of Commerce
  • D Standards Organization of Nigeria
  • E Ministry of Commerce and Industry
View Answer & Explanation
Question 899:
The management of a company with a view to ending its operation is known as
  • A Low gearing
  • B High gearing
  • C Liquidation
  • D Horizontal integration
  • E Vertical integration
View Answer & Explanation
Question 900:
Any action taken by a company outside its stated objectives is regarded as
  • A Caveat emptor
  • B Ultra vires
  • C Uberrimae fidei
  • D Exemption
  • E Formality
View Answer & Explanation