Waec Commerce Past Questions For Year 1996
Question 1
Which of the following is not the duty of an entrepreneur?
- A. provision of inital capital
- B. Bearing of risks
- C. Organization of other factors of production
- D. Decision on what to produce
- E. Decision on the amount of tax to pay
Question 2
The primary purpose of credit cards is to
- A. obtain goods without paying cash on the spot
- B. obtain a loan from the bank
- C. obtain a loan from a trader
- D. persuade a business man to cash a cheque
- E. provide a means of identifyng the holder
Question 3
Industrial, commercial and direct services are branches of
- A. manufacturing
- B. occupation
- C. exchange
- D. distribution
- E. specialization
Question 4
When a company buys up firms supplying it with raw materials, this is an example of
- A. horizontal integration
- B. a holding company
- C. backward integration
- D. consortium
- E. lateral merger
Question 5
Which of the following is used to transmit typed messages over long distances?
- A. Dictaphone
- B. Teleprinter
- C. Computer
- D. Telephone
- E. Radio
