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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1686:

Mobile shopping involves selling

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A From motor van
B At a particular spot in the city
C In multiple shops only
D From a vending machine

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Question 1687:

The provision of adequate number of berths by which ships can load and off-load is the function of the

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A Department of Customs and Excise
B Ports Authority
C Shipping and Forwarding Agent
D National Shipping Line

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Question 1688:

Which of the following is not a disadvantage of a one-man business?

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A Unlimited liability owner
B Life of business limited to life of owner
C Personal control of business
D Difficulty in raising additional capital

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Question 1689:

Unlimited liability in business implies that the

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A Risk of the owner is limited only to the amount invested
B Debts are paid with subventions
C Property of the owners should not be used to secure loans
D Owners private property can be used to settle the business debts

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Question 1690:

Sole proprietorship is a form of business owned by

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A An individual
B Two or more persons
C A registered business subsidiary
D The government

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