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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1361:
Production is defined as
  • A An industrial undertaking
  • B Creation of utility
  • C Earning one's daily bread
  • D The changing of raw materials
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Question 1362:
An advantage of a public limited company over a private one is the
  • A Limited liability of share holders
  • B Easy transferability of shares
  • C Access to retained earnings
  • D Less taxation by government
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Question 1363:
The distribution of profits based upon the level of patronage in the business is a common feature of
  • A Partnership firms
  • B Public limited companies
  • C Co-operative societies
  • D Private limited companies
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Question 1364:
The fee which the bank charges for services rendered to their current account customers is
  • A Commission on turnover
  • B Bank rate
  • C Minimum lending rate
  • D Interest
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Question 1365:
Which of the following would not affect the form of a business unit
  • A Availability of raw materials
  • B The type of business
  • C Number of persons involved
  • D The capital size
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