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Commerce Past Questions and Answers

Waec Commerce Questions

Question 6:

Which of the following support the view that there was commerce in Nigeria many years ago?

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A The economy was consistent
B Specialization was minimal
C Cowries were used as money
D Horses wee used as means of transportation
E Communities were interdependent

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Question 7:

Which of the following towns was important to the trans-Saharan traders?

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A Enugu
B Oyo
C Llorin
D Kaduna
E Kano

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Question 8:

Production ends when goods?

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A And services are used by the producer
B Are packed and labelled
C Are sold in the market
D And services reach the final user
E Are advertised to the consumers

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Question 9:

A counter offer operates as?

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A An acceptance
B An offer
C A rejection
D An agreement
E A contract

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Question 10:

In the contract of sale of goods,"let the buyer beware" is signified by?

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A Del credere
B Uberrima fidei
C Caveat emptor
D Res ipsa loquitor
E Caveat vendetta

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