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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 2196:

Commerce is defined as

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A Buying and selling of goods and services only
B All activities in the distribution and exchange of goods and services
C All activities involved in the production of goods and services
D Transporting and warehousing of goods only

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Question 2197:

The types of occupation that a broker belongs to is?

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A Commercial
B Construction
C Extraction
D Manufacturing

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Question 2198:

A form of money which was not used in the early days to trade is?

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A Tobacco
B Metal bars
C Cowries
D Coins

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Question 2199:

Which of the following activities is not an example of the extractive industry?

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A Weaving
B Quarrying
C Hunting
D Fishing

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Question 2200:

The factor of production which bear all the risk of the business is?

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A Capital
B Entrepreneurship
C Labour
D Land

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