Waec Commerce Past Questions For Year 1999
Question 1
A shoe repairer is engaged in a
- A. service occupation
- B. manufacturing
- C. extractive occupation
- D. commercial occupation
Question 2
A business unit in which profits are shared on the basis of members' patronage is known as
- A. partnership
- B. public limited company
- C. Co-operative society
- D. private limited company
Question 3
Which of the following enables people to consume a variety of goods and services?
- A. Labour
- B. Capital
- C. Land
- D. Exchange
Question 4
Which of the following refers to all the resources used in creating utilities?
- A. Fixed capital
- B. Factors of production
- C. Enterpreneurship
- D. Labour
Question 5
Which of the following brings about specialization?
- A. Recruitment of staff
- B. Division of labour
- C. Business resource
- D. Employer of labour
