Search SchoolNGR

Thursday, 12 November 2026
Register . Login

Commerce Past Questions and Answers

Waec Commerce Questions

Question 956:
Which of the following brings about specialization?
  • A Recruitment of staff
  • B Division of labour
  • C Business resource
  • D Employer of labour
View Answer & Explanation
Question 957:
Which of the following refers to all the resources used in creating utilities?
  • A Fixed capital
  • B Factors of production
  • C Enterpreneurship
  • D Labour
View Answer & Explanation
Question 958:
Which of the following enables people to consume a variety of goods and services?
  • A Labour
  • B Capital
  • C Land
  • D Exchange
View Answer & Explanation
Question 959:
A business unit in which profits are shared on the basis of members' patronage is known as
  • A Partnership
  • B Public limited company
  • C Co-operative society
  • D Private limited company
View Answer & Explanation
Question 960:
A public limited company wishing to obtain more capital may have to
  • A Apply for subvention
  • B Buy treasury bills
  • C Buy second-hand securities
  • D Issue debentures
View Answer & Explanation