Search SchoolNGR

Friday, 13 November 2026
Register . Login

Commerce Past Questions and Answers

Waec Commerce Questions

Question 1646:
Which of the following is not a function of an entrepreneur?
  • A Co-ordiantion
  • B Risk-bearing
  • C Entertaining
  • D Making decision
View Answer & Explanation
Question 1647:
A place where dutiable goods are kept until duties on them are paid is known as
  • A Private warehouse
  • B Public warehouse
  • C Bonded warehouse
  • D Manufacturer's warehouse
View Answer & Explanation
Question 1648:
The cost of advertising is ultimately borne by the
  • A Manufacturer
  • B Consumer
  • C Wholesaler
  • D Retailer
View Answer & Explanation
Question 1649:
(a) Differentiate between industry and commerce.
(b) List and explain four activities of those engaged in commercial occupations
    View Answer & Explanation
    Question 1650:
    Explain five benefits that would be derived and five losses that would be suffered when a sole trader admits other partners.
      View Answer & Explanation