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Saturday, 14 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2136:
which of the following statement is true of a debenture?
  • A Its holders receive interest
  • B It forms part of a company's authorized capital
  • C Its owners are co-owners of the company
  • D Its owners control the company
View Answer & Explanation
Question 2137:
The path through which a product moves from the manufacturer to the consumer is a?
  • A Channel of communication
  • B Line of production
  • C Means of transportation
  • D Channel of distribution
View Answer & Explanation
Question 2138:
If the opening stock of Ali ltd is N40,000, cost of goods sold is N48,000 and closing stock is N24,000, its rate of turn over will be?
  • A 1.2 times
  • B 1.5 times
  • C 2.0 times
  • D 7.5 times
View Answer & Explanation
Question 2139:
A business which requires a certificate of trading in order to commence operation is a?
  • A Co-operative society
  • B Private company
  • C Sole propietorship
  • D Public company
View Answer & Explanation
Question 2140:
Exchange of goods in international market which does not involve the use of money is a
  • A Barter trade
  • B Entreport trade
  • C Counter trade
  • D Bilateral trade
View Answer & Explanation