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Friday, 13 November 2026
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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1271:
WAEC 2004
The divisions of production are
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  • A Industry,banking and services
  • B Industry,manufacturing and services
  • C Industry,commerce and services
  • D Industry, commerce and services
View Answer & Explanation
Question 1272:
WAEC 2004
Risks in business are borne by the
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  • A Consumer
  • B Entrepreneur
  • C Marketing manager
  • D Personnel manager
View Answer & Explanation
Question 1273:
WAEC 2004
The main aim of credit and thrift societies is to
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  • A Settle disputes among members
  • B Educate their members
  • C Secure loans for members
  • D Encourage savings among members
View Answer & Explanation
Question 1274:
WAEC 2004
In which of the following business units are profits shared on the basis of membership patronage?
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  • A Public enterprise
  • B Partnership
  • C Co-operative society
  • D Public limited liability company
View Answer & Explanation
Question 1275:
WAEC 2004
A business becomes a separate legal entity after it has
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  • A Started operation
  • B Been incorporated
  • C Been insured
  • D Been accepted by the public
View Answer & Explanation

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