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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1876:
Direct sales to consumers by manufacturers is a means of eliminating
  • A Wholesalers only
  • B Retailers only
  • C Middlemen
  • D Agents
View Answer & Explanation
Question 1877:
A physical restriction placed on the quantity of goods that can be imported is
  • A A ban
  • B A quota
  • C An excise duty
  • D An import tax
View Answer & Explanation
Question 1878:
A country is said to achieve a trade surplus when total
  • A Visible exports exceed total visible imports
  • B Invisible exports exceed total invinsible imports
  • C Visible exports exceed total invisible imports
  • D Visible imports exceed total visible exports
View Answer & Explanation
Question 1879:
The process of winding up a public limited company by a court order is known as
  • A Termination
  • B Dissolution
  • C Voluntary liquidation
  • D Compulsory liquidation
View Answer & Explanation
Question 1880:
A person who undertakes responsibility for forming a new company is
  • A Auditor
  • B Solicitor
  • C Registrar
  • D Promoter
View Answer & Explanation