Waec Commerce Past Questions
Question 1961
An internal source of finance to an entrepreneur is
- A. trade credit
- B. retained earning
- C. overdraft
- D. debenture
Question 1962
A retail business that sells goods by post, using catalogues is a
- A. chain store
- B. department store
- C. mail order firm
- D. shopping mall
Question 1963
Average stock is derived by adding
- A. closing stock to purchases divided by 2
- B. closing stock to opening stock
- C. opening stock to closing stock divided by 2
- D. opening stock to purchases
Question 1964
A group of sellers who pool their resources to buy goods in large quantities and sell to its members is a
- A. wholesale cooperative society
- B. thrift and credit society
- C. consumer cooperative society
- D. chamber of commerce
Question 1965
Which of the following groups would advocate for the supply of constant electricity to households?
- A. consumers' association
- B. credit union
- C. Employers' association
- D. Labour union
