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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1656:
(a) Explain the following terms:
(i) goodwill
(ii) patents
(iii) trade mark
(iv) copyright
(b) State four factors that could lead to the dissolution of a limited liability company
    View Answer & Explanation
    Question 1657:
    (a) Distinguish between nationalization and indigenization
    (b) State five advantages of nationalization and three disadvantages of indigenization
      View Answer & Explanation
      Question 1658:
      A bonded warehouse is a place for keeping
      • A Contraband goods
      • B Dutiable goods
      • C Tax free goods
      • D Smuggled goods
      View Answer & Explanation
      Question 1659:
      A bonded warehouse is a place for keeping
      • A Contraband goods
      • B Dutiable goods
      • C Tax free goods
      • D Smuggled goods
      View Answer & Explanation
      Question 1660:
      Which of the following can quote its shares on the stock exchange
      • A Partnership
      • B Sole-proprietorship
      • C Co-operative society
      • D Public limited company
      View Answer & Explanation