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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 186:
The taking over by state of ownership and control of certain business enterprises is known as?
  • A Indigenization
  • B Nationalization
  • C Privatization
  • D Commercialization
  • E Rationalization
View Answer & Explanation
Question 187:
The concept of marketing as a process which begins and ends with the needs and wants of the consumer rather than those of the organization is called?
  • A Caveat venditor
  • B Consumer orientation
  • C Consumer association
  • D Consumer protection
  • E Caveat emptor
View Answer & Explanation
Question 188:
Which of the following is not an advantage of advertising? It
  • A Gives information about products
  • B Increases sales
  • C Increases production
  • D Improves the quality of products
  • E Introduces new products
View Answer & Explanation
Question 189:
Which of the following is the acceptable classification of warehouse?
  • A Ordinary, wholesale and state warehouse
  • B Ordinary, presidential and bonded warehouse
  • C Bonded, royal and queen warehouse
  • D Ordinary off-shore and bonded warehouse
  • E Private, public and bonded warehouse
View Answer & Explanation
Question 190:
A cheque made payable to "bearer"
  • A Can be negotiated for cash by the drawer only
  • B Can only be paid into an account
  • C Can be negotiated for cash by any holder
  • D Is not regarded as a negotiable instrument
  • E Must be endorsed to another account for settlement
View Answer & Explanation