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Friday, 03 April 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1881:
A term which describes the value of business connections made by a company over the years is known as
  • A Patent
  • B Copyright
  • C Goodwill
  • D Trade mark
View Answer & Explanation
Question 1882:
The ancillary to trade which ensures that people have access to information pertaining to goods is
  • A Insurance
  • B Advertising
  • C Warehousing
  • D Banking
View Answer & Explanation
Question 1883:
The insurance principle of indemnity does not apply to
  • A Fire insurance
  • B Life assurance
  • C Burglary insurance
  • D Marine insurance
View Answer & Explanation
Question 1884:
Which of the following price quotations requires the buyer to take delivery at the manufacturer's warehouse?
  • A Ex-works
  • B F.O.R
  • C F.O.B
  • D D.F.A.S
View Answer & Explanation
Question 1885:
To take an insurance policy, an applicant must first complete a/an
  • A Proposal form
  • B Cover note
  • C Certificate of insurance
  • D Advice note
View Answer & Explanation