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Friday, 03 April 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2056:
A general tax which applies at each point of exchange of goods and service is?
  • A A specific tax
  • B An ad valorem tax
  • C Value added tax
  • D Direct tax
View Answer & Explanation
Question 2057:
if a business uses part of its profit to develop the area where it operates, the business is fulfilling its?
  • A Economic responsibility
  • B Marketing responsibility
  • C Social responsibility
  • D Managerial responsibility
View Answer & Explanation
Question 2058:
production ends when goods and services?
  • A Reach the final user
  • B Are used for manufacturing
  • C Are packed and labelled
  • D Are sold to the middlemen
View Answer & Explanation
Question 2059:
the process of converting a non profit making organisation to a profit making business is?
  • A Indigenization
  • B Privatization
  • C Deregulation
  • D Commercialization
View Answer & Explanation
Question 2060:
A distinctive symbol, title or design that readily identifies the company and its products is?
  • A Patent right
  • B Trade mark
  • C Trade name
  • D Brand name
View Answer & Explanation