WAEC - Commerce (2023)

• 1

  Which of the following is not a factor of production?

  回答

  (B)

  Staffing
• 2

  The excess value of total assets over total liabilites is

  回答

  (A)

  capital owned
• 3

  An element of a valid contract is

  回答

  (D)

  capacity to contract
• 4

  Industrial, commercial and service are types of

  回答

  (B)

  occupation
• 5

  Operating a state owned enterprise with the intention of making more profit is

  回答

  (D)

  commercialization
• 6

  An example of after-sales services is

  回答

  (D)

  free replacement of parts
• 7

  An organization that could strive for improvement in electricity and telephone services to users is

  回答

  (D)

  a consumers'association
• 8

  A bill of lading that is tagged clean means that the goods being delivered are

  回答

  (B)

  not damaged
• 9

  The function of money that makes it generally acceptable is

  回答

  (C)

  medium of exchange
• 10

  Dissolution of a partnership could arise from

  回答

  (B)

  death of a member
• 11

  A problem associated with barter is

  回答

  (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

  回答

  (C)

  chamber of commerce
• 13

  A disadvantage of privatization is that

  回答

  (C)

  income is unevenly distributed
• 14

  A reduction in the value of a country's currency in relation to that of other countries is

  回答

  (C)

  devaluation
• 15

  The means by which a firm obtains information before introducing new products is

  回答

  (D)

  market research
• 16

  A factor to be considered in selecting a means of transporting fish is the

  回答

  (D)

  nature of the fish
• 17

  A business that can obtain capital through of sale of shares is a

  回答

  (A)

  demurrage
• 18

  Which of the following countries is not a member of the European Union?

  回答

  (D)

  Bolivia
• 19

  Advertising designed to sell more of a company's products than other brands is

  回答

  (C)

  competitive
• 20

  The reward for capital is

  回答

  (B)

  interest
• 21

  Divesting government interest in a business to the public is

  回答

  (C)

  privatization
• 22

  Which of the following activities does not belong to the extractive industry?

  回答

  (C)

  Barbing
• 23

  The use of brand names and trademarks is to

  回答

  (B)

  prevent imitation by competitors
• 24

  One of the aim of ECOWAS is to

  回答

  (B)

  encourage foreign investments
• 25

  When a seller wishes to be paid before supplying goods, he would send the buyer a

  回答

  (C)

  proforma invoice
• 26

  A similarity of private and public company is that they

  回答

  (C)

  receive certificate of incorporation
• 27

  The term 2%/15 net 30 represents a

  回答

  (C)

  cash discount
• 28

  Buying and selling products through a network of digital devices is

  回答

  (A)

  e-commerce
• 29

  A document in which the internal regulations of a company are stated is

  回答

  (B)

  Articles of Association
• 30

  Which of the following is not a type of security?

  回答

  (B)

  Overdraft
• 31

  An advantage of road transport over other means of transport is that

  回答

  (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?

  回答

  (B)

  Tanker
• 33

  Which of the following is not a form of sales promotion?

  回答

  (B)

  Cash on delivery
• 34

  The business in which sale of goods involves use of vehicles is a

  回答

  (A)

  mobile shop
• 35

  The arrangement for the conveyance of goods abroad is performed by the

  回答

  (C)

  clearing and forwarding agents
• 36

  An organizational chart is used to

  回答

  (B)

  show the hierarchy of staff
• 37

  The rate at which a country's export exchange for its imports is

  回答

  (B)

  terms of trade
• 38

  A source of capital to a cooperative society is

  回答

  (A)

  contribution
• 39

  The department that ensures that products are made available to consumers is

  回答

  (C)

  marketing
• 40

  An advantage of advertising is that

  回答

  (B)

  awareness is created on the existence of products
• 41

  The management function that is concerned with coordinating business resources efficiently is

  回答

  (A)

  organizing
• 42

  

  Use the diagram to answer the question
  
  
  The instrument in the diagram is a

  回答

  (A)

  cheque
• 43

  

  Use the diagram to answer the question
  
  
  The two lines on the instrument shows that it is

  回答

  (B)

  crossed
• 44

  

  Use the diagram to answer the question

  
  
  The instrument will not be valid on

  回答

  (D)

  June 25, 2023
• 45

  The bank that conducts research on an economy, thereby identifying obstacles to growth is the

  回答

  (C)

  development bank