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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 941:
Penalty imposed by a ship owner for exceeding the period charter is
  • A Lump sum
  • B Dock dues
  • C Tariff
  • D Demurrage
  • E Dead frieght
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Question 942:
A symbol that is used to distinguish a company's product from others is a
  • A Licence
  • B Trade mark
  • C Patent right
  • D Trade permit
  • E Copy right
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Question 943:
Which of the following is not true of air transport?
  • A It is used to transport goods of high value
  • B Has high operating costs
  • C It is good for transporting blood for infusion
  • D Operates normally irrespective of weather conditions
  • E It travels on schedule
View Answer & Explanation
Question 944:
(a) What is production?
(b) Illustrate with a labeled diagram the main divisions and subdivisions of production.
    View Answer & Explanation
    Question 945:
    (a) Mention four types of co-operative societies.
    (b) State two distinguishing features and two functions of each type mentioned in 2(a) above.
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