Search SchoolNGR

Friday, 13 November 2026
Register . Login

Commerce Past Questions and Answers

Waec Commerce Questions

Question 1546:
Babou Penn, a fisherman says he has all necessary materials to go to sea today, except the captain of his boat . Captain here as a factor of production refers to
  • A Enterpreneur
  • B Capital
  • C Labour
  • D Land
View Answer & Explanation
Question 1547:
Farmers and all other workers concerned with getting raw materials from the earth are engaged in
  • A Commercial occupation
  • B Manufacturing occupation
  • C Constructive occupation
  • D Extractive occupation
View Answer & Explanation
Question 1548:
The process of making goods attractive and easy to handle is
  • A Branding
  • B Merchandising
  • C Packaging
  • D Labelling
View Answer & Explanation
Question 1549:
The charges imposed by the government on locally manufactured goods is called
  • A Customs duties
  • B Excise duties
  • C Tariffs
  • D Quota
View Answer & Explanation
Question 1550:
A grocer invoiced a carton of fish valued at #2,500 for #2,000 only. To correct the error, which of the following documents will be sent to the buyer?
  • A Credit note for #500.00
  • B Debit note for #500.00
  • C Credit note for #2,500.00
  • D Debit note for #2,500.00
View Answer & Explanation