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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2236:
One advantage of sole proprietorship is that?
  • A Access to large capital is easy
  • B Decisions are made promptly
  • C Business risks are spread
  • D Continuity of business is assured
View Answer & Explanation
Question 2237:
A business unit in which savings of members are lent to others is a?
  • A Consumer cooperative society
  • B Producer cooperative society
  • C Credit and thrift society
  • D Wholesale cooperative society
View Answer & Explanation
Question 2238:
The document issued to a public company allowing it to commence business is the?
  • A Article of association
  • B Certificate of incorporation
  • C Memorandum of association
  • D Certificate of trading
View Answer & Explanation
Question 2239:
Which of the following is not a function of a consumer association?
  • A Ensuring that consumers buy quality goods
  • B Educating consumers on their rights
  • C Penalizing importers of fake goods
  • D Ensuring that fair prices are charged
View Answer & Explanation
Question 2240:
An association formed by computer distributors to safeguard and promote their interest is a?
  • A Chamber of commerce
  • B Cooperative society
  • C Trade association
  • D Trade union
View Answer & Explanation