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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1566:
Which of the following is mostly used by a mail order business to sell goods
  • A Posters
  • B Catalogues
  • C Journals
  • D Magazines
View Answer & Explanation
Question 1567:
Information requested from a bank concerning the credit worthiness of a new customer to a business is
  • A Private enquiry
  • B Status enquiry
  • C General enquiry
  • D Letter of enquiry
View Answer & Explanation
Question 1568:
The document which gives legal authority to a company to operate as a legal entity is
  • A Memorandum of Association
  • B Article of Association
  • C Share Certificate
  • D Certificate of Incorporation
View Answer & Explanation
Question 1569:
A business that is independent of its owners is a
  • A Sole proprietorship
  • B Partnership
  • C Limited liability company
  • D Co-operative society
View Answer & Explanation
Question 1570:
The amount paid regularly by the assured to the insurer is
  • A Dividend
  • B Premium
  • C Interest
  • D Indemnity
View Answer & Explanation