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Commerce Past Questions and Answers

Waec Commerce Questions

Question 41:

Buying and selling of goods and services within the geographical areas of a country is called?

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A Enterpot trade
B External trade
C Domestic trade
D Regional trade
E Import trade

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Question 42:

Which of the following is not an obligation of a common carrier?

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A Carrying goods securely and safely
B Liability for losses and demages
C Delivery of goods at appropriate places
D Insuring goods intransit
E Passing through agreed routes

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Question 43:

Which of the following conditions may make the manufacturer sell directly to the consumer?

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A Brake in communication
B Inaccessibility of the wholesaler's warehouse
C The nature of the commodity involved
D Inadequate transport facility
E Trade imbalance

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Question 44:

The three main types of speculators found in the Stock Exchange market are?

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A Stags, brokers, and bulls
B Bulls, bears, and stag
C Bears, jobbers and jobbers
D Bulls, brokers and bears
E Stags, agents and jobbers

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Question 45:

Which of the following is a disadvantage of Hire Purchase to the consumer?

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A Its increases turnover
B Temptation to buy more than one can pay for
C It demands more capitals from the seller
D Increased sales lower the seller's units cost

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