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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1821:

The size of of profit of a business is measured by the

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A Closing stock
B Opening stock
C Total purchases
D Rate of turnover

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Question 1822:

Industrial occupation does not involve the

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A Growing and extraction of raw materials
B Use of machinery
C Construction and manufacturing of goods
D Movement of people and goods

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Question 1823:

The abbreviation E & O.E. on an invoice seeks to

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A Draw the attention of the buyer to the contents of the document
B Show that there is no error about price quoted on the invoice
C Protect the seller against any error on the document
D Draw the attention of the seller to the contents of the document

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Question 1824:

The functions of credit and thrift society does not include

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A Charging low interest rate on loans
B Providing savings facilities
C Encouraging mutual co-operation of members
D Providing security for member's property

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Question 1825:

Throwing cargo overboard in order to save a ship from sinking is

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A Jettison
B Abandonment
C Piracy
D Flotsam

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