2006 WAEC Commerce past questions and answers

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1
A transporter who offers to carry goods for anyone at a fee is called

A a national carrier

B a common carrier

C a private carrier

D an independent carrier



Correct Option: B


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2
A dormant partner is one who

A does not work hard

B lent his name to the business

C has limited liability

D does not partake in running the business



Correct Option: D


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3
The right that a debenture holder has on the earnings of a company is

A lien

B dividend

C interest

D rent



Correct Option: C


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4
Which of the following does not determine the size of a business unit

A the quality of its products

B the nature of the business

C the size of the market

D the size of capital



Correct Option: A


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5
The printing of catalogs is one of the costs associated with the operation of

A tied shops

B mobile shops

C mail order shops

D department stores



Correct Option: C


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6
Labour and entrepreneur are examples of

A factors of production

B division of labour

C direct services

D primary production



Correct Option: A


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7
House builders belong to

A manufacturing industry

B constructive industry

C commercial occupation

D tertiary occupation



Correct Option: B


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8
Which of the following groups of activities are commercial services

A Manufacturing, weaving and storing

B Vending, purchasing and banking

C Advertising, farming and harvesting

D Fishing, constructing and transporting



Correct Option: B


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9
The price quotation where the buyer uses his own means to collect goods from the producer's warehouse is

A F.O.B

B ex-works

C F.A.S

D F.O.R



Correct Option: D


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10
Which of the following is used only in international trade?

A Letter of inquiry

B Certificate of origin

C Pro-forma invoice

D Consignment note



Correct Option: A


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