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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1331:

Which of the following is an advantage of indigenization?

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A Checks exploitation by citizens
B Business risk are shared
C Fosters self-reliance
D Leads to monopoly of power

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Question 1332:

Farming is an activity that falls under?

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A Tertiary occupation
B Commercial occupation
C Extractive occupation
D Secondary occupation

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Question 1333:

Which of the following coordinates other factors of production to achieve set objectives?

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A Land
B Labour
C Enterprenuer
D Capital

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Question 1334:

Production is defined as?

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A An industrial undertaking
B Creation of utility
C Earning ones daily bread
D The changing of raw materials

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Question 1335:

An advantage of a public limited company over a private one is the?

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A Limited liability of shareholders
B Easy transferability of shares
C Access to retained earnings
D Less taxation by government

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