WAEC - Commerce (2023)
1
Which of the following is not a factor of production?
2
The excess value of total assets over total liabilites is
3
An element of a valid contract is
4
Industrial, commercial and service are types of
5
Operating a state owned enterprise with the intention of making more profit is
6
An example of after-sales services is
Answer(D)
free replacement of parts
7
An organization that could strive for improvement in electricity and telephone services to users is
8
A bill of lading that is tagged clean means that the goods being delivered are
9
The function of money that makes it generally acceptable is
10
Dissolution of a partnership could arise from
11
A problem associated with barter is
Answer(B)
inability to measure what is to be exchanged
12
A voluntary association of businessmen who are not in the same line of business is a
13
A disadvantage of privatization is that
Answer(C)
income is unevenly distributed
14
A reduction in the value of a country's currency in relation to that of other countries is
15
The means by which a firm obtains information before introducing new products is
16
A factor to be considered in selecting a means of transporting fish is the
17
A business that can obtain capital through of sale of shares is a
18
Which of the following countries is not a member of the European Union?
19
Advertising designed to sell more of a company's products than other brands is
20
The reward for capital is
21
Divesting government interest in a business to the public is
22
Which of the following activities does not belong to the extractive industry?
23
The use of brand names and trademarks is to
Answer(B)
prevent imitation by competitors
24
One of the aim of ECOWAS is to
Answer(B)
encourage foreign investments
25
When a seller wishes to be paid before supplying goods, he would send the buyer a
26
A similarity of private and public company is that they
Answer(C)
receive certificate of incorporation
27
The term 2%/15 net 30 represents a
28
Buying and selling products through a network of digital devices is
29
A document in which the internal regulations of a company are stated is
30
Which of the following is not a type of security?
31
An advantage of road transport over other means of transport is that
Answer(D)
terminal handling is eliminated by door-to-door delivery
32
Which of the following modes of transport could be used to convey both liquid and gas?
33
Which of the following is not a form of sales promotion?
34
The business in which sale of goods involves use of vehicles is a
35
The arrangement for the conveyance of goods abroad is performed by the
Answer(C)
clearing and forwarding agents
36
An organizational chart is used to
Answer(B)
show the hierarchy of staff
37
The rate at which a country's export exchange for its imports is
38
A source of capital to a cooperative society is
39
The department that ensures that products are made available to consumers is
40
An advantage of advertising is that
Answer(B)
awareness is created on the existence of products
41
The management function that is concerned with coordinating business resources efficiently is
42
Use the diagram to answer the question
The instrument in the diagram is a
43
Use the diagram to answer the question
The two lines on the instrument shows that it is
44
Use the diagram to answer the question
The instrument will not be valid on
45
The bank that conducts research on an economy, thereby identifying obstacles to growth is the
