Waec Commerce Past Questions For Year 2021
Question 1
The word ''limited" written after the name of a company means that
- A. it has a democratic system of management
- B. members are liable to the extent of their shareholdings only
- C. the company is a going concern
- D. profit is determined by management
Question 2
All activities geared towards the distribution and exchange of goods and services is _______
- A. commerce
- B. market survey
- C. personal selling
- D. trade
Question 3
An example of a primary product is _____
- A. textile
- B. palm oil
- C. flour
- D. cocoa
Question 4
The process of changing raw materials into finished goods is ________
- A. construction
- B. extraction
- C. manufacturing
- D. marketing
Question 5
Commerce started as a result of _______
- A. competition
- B. distribution
- C. privatization
- D. Specialization
