1989 WAEC Commerce past questions and answers

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1
An insurance broker is involved in?

A manufacturing occupation

B distributive occupation

C commercial occupation

D extractive occupation



Correct Option: C


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2
The process of buying and selling and distribution of goods and services is known as?

A retail trade

B commerce

C marketing concept

D marketing mix



Correct Option: B


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3
The practice of employing specialists in relevant occupation is a feature of?

A subsistence economy

B mobility of labour

C mixed economy

D exchange economy



Correct Option: E


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4
Which of the following convert raw materials into finished goods?

A Extractive industry

B Manufacturing

C Commercial occupation

D Constructive industry



Correct Option: B


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5
Which of the following support the view that there was commerce in Nigeria many years ago?

A The economy was consistent

B Specialization was minimal

C Cowries were used as money

D Horses wee used as means of transportation



Correct Option: E


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6
Which of the following towns was important to the trans-Saharan traders?

A Enugu

B Oyo

C llorin

D Kaduna



Correct Option: E


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7
Production ends when goods?

A and services are used by the producer

B are packed and labelled

C are sold in the market

D and services reach the final user



Correct Option: D


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8
A counter offer operates as?

A an acceptance

B an offer

C a rejection

D an agreement



Correct Option: C


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9
In the contract of sale of goods,"let the buyer beware" is signified by?

A del credere

B uberrima fidei

C caveat emptor

D res ipsa loquitor



Correct Option: C


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10
Branding is a good example of?

A informative advertising

B marketing mix

C persuasive advertising

D consumerism



Correct Option: E


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