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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 991:
Which of the following can be sold through a vending machine?
  • A Cigarettes
  • B Shirts
  • C Handbags
  • D Shoes
View Answer & Explanation
Question 992:
Which of the following is the most suitable channel of distribution for technical goods?
  • A Manufacturer-retailer-consumer
  • B Manufacturer-wholesaler-retailer-consumer
  • C Manufacturer-wholesaler-consumer
  • D Manufacturer-consumer
View Answer & Explanation
Question 993:
Which of the following implies that the price quoted includes the cost of insurance and carriage?
  • A F.O.B
  • B F.A.S
  • C C.O.D
  • D C.I.F
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Question 994:
Bonded warehouses are controlled by
  • A Export Promotion Council
  • B Ports Authority
  • C Customs and Excise Authority
  • D Clearing and Forwarding agents
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Question 995:
A hire purchase transaction becomes a sale when when the
  • A Hirer accepts the hire purchase terms
  • B Finance company agrees to pay
  • C Hirer takes possession of goods
  • D Hirer pays full cost of the goods
View Answer & Explanation