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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 236:

The state of scientific knowledge and production process obtainable in a country is part of the?

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A Economic environment of business
B Political environment of business
C Legal environment of business
D Techonolgical environment of business
E Cultrual environment of business

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Question 237:

The Act designed to reserve certain businesses exclusively for Nigerians is known as the?

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A Sale of Goods Act
B Weights and Measures Act
C Nigerian Enterprises Promotion Act
D Standards Organization of Nigeria Act
E Trade Marks Act

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Question 238:

Which of the following involves gathering and analysing information about demand, consumers wants and new products?

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A Sales promotion
B Market research
C Personal selling
D After-sales service
E Physical distribution

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Question 239:

Which of the following must be submitted to the Registrar of Companies before the company is incorporated?

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A Articles of Association and Certificate of Incorporation
B Memorandum of Association and Certificate of Incorporation
C Articles of Association and Memorandum of Association
D Memorandum of association and Prospectus
E Certificate of Incorporation and Prospectus

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Question 240:

Which of the following is a feature of Co-operative Societies?

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A Each member has several votes during meetings
B Profits are shared on the basis of shares held
C All members have equal votes during meetings
D Members are not involved in running the business
E The welfare of members is not taken into consideration

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