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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1661:

If a businessman wants to insure against dishonesty of the cashier, he will take

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A Burglary policy
B An employer's liability cover
C A fidelity guarantee cover
D A consequential loss policy

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Question 1662:

Which of the following describes the reason for international trade

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A Balance of payment
B Comparative cost advantage
C Absolute cost advantage
D Balance of trade

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Question 1663:

Small scale retailers continue to survive inspite of serious competition from large scale retailers because they

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A Buy from many manufacturers
B Maintain personal relationship with customers
C Stock only one line of goods in their stalls
D Do not separate business money from personal money

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Question 1664:

Small scale retailers continue to survive inspite of serious competition from large scale retailers because they

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A Buy from many manufacturers
B Maintain personal relationship with customers
C Stock only one line of goods in their stalls
D Do not separate business money from personal money

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Question 1665:

Which of the following factors is not to be considered in starting a retail trade?

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A Size of the business
B Nature of the business
C Amount of capital required
D Level of tax payable

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