2004 WAEC Commerce past questions and answers

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1
Which of the following is not a function of commerce?

A advertising goods

B creation of goods

C increasing profit made

D distribution of goods



Correct Option: A


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2
Which of the following is not a function of commerce?

A advertising goods

B creation of goods

C increasing profit made

D distribution of goods



Correct Option: A


We're working to add a detailed solution for this question



3
Which of the following is not a function of commerce

A advertising goods

B creation of goods

C increasing profit made

D distribution of goods



Correct Option: C


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4
Any activity that changes raw materials into consumer or industrial goods is

A Constructive

B assembling

C extractive

D manufacturing



Correct Option: D


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5
The divisions of production are

A industry,banking and services

B industry,manufacturing and services

C industry,commerce and services

D industry, commerce and services



Correct Option: C


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6
Risks in business are borne by the

A consumer

B entrepreneur

C marketing manager

D personnel manager



Correct Option: B


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7
The main aim of credit and thrift societies is to

A settle disputes among members

B educate their members

C secure loans for members

D encourage savings among members



Correct Option: D


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8
In which of the following business units are profits shared on the basis of membership patronage?

A public enterprise

B partnership

C co-operative society

D public limited liability company



Correct Option: C


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9
A business becomes a separate legal entity after it has

A started operation

B been incorporated

C been insured

D been accepted by the public



Correct Option: B


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10
The amalgamation of firms engaged in cotton processing and the manufacturing of textiles is

A horizontal integration

B vertical integration

C lateral integration

D joint venture



Correct Option: B


We're working to add a detailed solution for this question





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