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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1726:
That portion of the share capital which the company has asked the shareholders to pay for is known as
  • A Authorized capital
  • B Paid-up capital
  • C Issued capital
  • D Called-up capital
View Answer & Explanation
Question 1727:
One of the advantages of air transport over other forms of transport is
  • A Safety
  • B Flexibility
  • C Cost
  • D Speed
View Answer & Explanation
Question 1728:
Which of the following are elements of a valid contract?
  • A Dishcarge and performance
  • B Offer and acceptance
  • C Age and maturity
  • D Promise and capacity
View Answer & Explanation
Question 1729:
The last link in the channel of distribution is the
  • A Retailer
  • B Consumer
  • C Wholesaler
  • D Producer
View Answer & Explanation
Question 1730:
Taxes on imported foreign goods are also known as
  • A Excise duties
  • B Tariffs
  • C Ad valorem taxes
  • D Dock dues
View Answer & Explanation