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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1721:
The reward received by a party in a contract agreement is known as
  • A Consideration
  • B Acceptance
  • C Offer
  • D Warranty
View Answer & Explanation
Question 1722:
Payment to a ship owner for carrying one's cargo is
  • A Demurrage
  • B Fare
  • C Dock due
  • D Freight
View Answer & Explanation
Question 1723:
Which of the following is not pre-sale service?
  • A Repair and maintenance work
  • B Providing detailed information about the goods to be purchased
  • C Demonstrating the use and performance of the products to be sold
  • D Setting up facilities for storing the product to be bought
View Answer & Explanation
Question 1724:
Which of the following is used to inform the addressee that he has a registered parcel for collection?
  • A Counterfoil
  • B Express label
  • C Slip
  • D Telegram
View Answer & Explanation
Question 1725:
The co-operative society that performs a combination of the functions of other types of cooperatives is called
  • A Consumer cooperative
  • B Multipurpose cooperative
  • C Producer cooperative
  • D Thrift and credit cooperative
View Answer & Explanation