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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2226:
A contract will not be discharged through?
  • A Acceptance
  • B Aggrement
  • C Breach
  • D Performance
View Answer & Explanation
Question 2227:
A person engaged for the purpose of bringing his principal and a third party into a contractual relation is?
  • A An arbiter
  • B An auctioneer
  • C An agent
  • D Middlemen
View Answer & Explanation
Question 2228:
The additional commission paid to agents for guaranteeing payment is?
  • A Brokerage
  • B Del credere
  • C Drawback
  • D Demurrage
View Answer & Explanation
Question 2229:
The transfer of ownership of a business from government to the public is?
  • A Commercialization
  • B Deregulation
  • C Privatization
  • D Merger
View Answer & Explanation
Question 2230:
One of the disadvantages of privatization is that it?
  • A Promotes inefficiency of staff
  • B Brings about economic decline
  • C Reduces government revenue
  • D Causes increase in the prices of products
View Answer & Explanation