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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 421:

Which of the following is not a branch of production?

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A Consumption
B Extraction
C Manufacturing
D Distribution
E Direct services

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Question 422:

In which class of occupation would doctors, teachers and entertainers be grouped?

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A Extraction
B Industrial
C Direct Service
D Commercial
E Industrial Service

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Question 423:

Department stores are usually located?

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A Where low income earners live
B In suburban towns
C At city centres
D In low rental areas
E In areas free from traffic jam

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Question 424:

Which of the following statements is true of the manufacturing industry?

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A The factors of production cannot move to other occupations
B It is involved in changing raw materials to finished goods
C Its product cannot be distributed to consumers
D It doesn't not benefit from the services of direct labour
E The workers are unskilled

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Question 425:

Any action taken by a company outside its stated objective is regarded as?

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A Caveat vendetta
B Trepass
C Ultra vires
D Uberrimae fidei
E A nuisance

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