WAEC Commerce questions

304 questions with answers and explanations. Tap an option to check yourself.

1. Question 41· Commerce and its scope· WAEC

   Which of these hindrances to trade is removed by transport?

   • Arisk of loss
   • Black of finance
   • Cdistance between producers and consumers
   • Dlack of information

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   Explanation and discussion

2. Question 42· Commerce and its scope· WAEC

   Commerce bridges the gap between

   • Ateachers and students
   • Bproducers and consumers
   • Cdoctors and patients
   • Dparents and children

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   Explanation and discussion

3. Question 43· Commerce and its scope· WAEC

   A function of commerce is to

   • Agrow food crops
   • Bmake goods available where they are needed
   • Cmine minerals
   • Dmanufacture cars

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   Explanation and discussion

4. Question 44· Commerce and its scope· WAEC

   The branch of commerce that deals with the buying and selling of goods is

   • Aindustry
   • Btrade
   • Caids to trade
   • Dextraction

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   Explanation and discussion

5. Question 45· Commerce and its scope· WAEC

   Commerce is concerned with

   • Amanufacturing only
   • Bgrowing crops
   • Cdistributing goods and services from producers to consumers
   • Dmining

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   Explanation and discussion

6. Question 46· Commerce and its scope· WAEC

   Which of these is an aid to trade?

   • Afarming
   • Bbanking
   • Cfishing
   • Dmining

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7. Question 47· Commerce and its scope· WAEC

   The problem in barter of finding someone who has what you want and wants what you have is called

   • Aspecialisation
   • Bdivision of labour
   • Copportunity cost
   • Ddouble coincidence of wants

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   Explanation and discussion

8. Question 48· Communication· WAEC

   Poste restante is a postal service for

   • Asending money abroad
   • Btravellers who collect their mail at a post office
   • Cdelivering parcels to homes
   • Dinsuring letters

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   Explanation and discussion

9. Question 49· Communication· WAEC

   A business can hold a meeting with people in different cities by

   • Abarter
   • Btelegram only
   • Cvideo conferencing
   • Dwarehousing

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   Explanation and discussion

10. Question 50· Communication· WAEC

    Electronic mail allows messages to be

    • Adelivered by hand only
    • Bsent instantly over the internet
    • Csent by pigeon
    • Dposted by sea

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    Explanation and discussion

11. Question 51· Communication· WAEC

    Which of these is an electronic means of communication?

    • Ae-mail
    • Ba posted letter
    • Ca paper memo
    • Da notice board

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    Explanation and discussion

12. Question 52· Communication· WAEC

    An advantage of written communication over oral communication is that it

    • Aprovides a permanent record
    • Bis always faster
    • Cneeds no skill
    • Dcosts nothing

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13. Question 53· Communication· WAEC

    The Nigerian Postal Service (NIPOST) provides

    • Ainsurance cover
    • Bbanking loans
    • Cmail and parcel services
    • Dair transport

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    Explanation and discussion

14. Question 54· Communication· WAEC

    Communication in business means

    • Athe transfer of information from one person to another
    • Bthe transport of goods
    • Cthe storage of goods
    • Dthe sale of goods

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    Explanation and discussion

15. Question 55· Communication· WAEC

    Which of these is a form of oral communication?

    • Afax
    • Bletter
    • Cmemo
    • Dtelephone call

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    Explanation and discussion

16. Question 56· Communication· WAEC

    A registered letter is used when

    • Aletters go by phone
    • Ba letter is unimportant
    • Cno stamp is available
    • Dproof of posting and delivery is needed

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17. Question 57· Communication· WAEC

    A service that delivers documents and parcels quickly from door to door is

    • Atelegram
    • Bposte restante
    • Cregistered mail
    • Dcourier service

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    Explanation and discussion

18. Question 58· Communication· WAEC

    Telecommunications in Nigeria are regulated by the

    • ANigerian Postal Service
    • BNigerian Communications Commission
    • CNAFDAC
    • DFederal Road Safety Corps

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    Explanation and discussion

19. Question 59· Communication· WAEC

    Video conferencing allows business people to

    • Asend parcels
    • Bpost letters
    • Chold meetings without travelling
    • Dstore goods

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    Explanation and discussion

20. Question 60· Communication· WAEC

    NIPOST is responsible for

    • Atelecommunications regulation
    • Bpostal services in Nigeria
    • Cbroadcasting
    • Droad transport

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    Explanation and discussion