WAEC Commerce questions

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

1. Question 61· Communication· WAEC

   A courier service is most useful for

   • Alending money
   • Btransmitting voice calls
   • Cstoring goods
   • Dfast delivery of documents and parcels

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   Explanation and discussion

2. Question 62· Communication· WAEC

   Communication is important to commerce because it

   • Astores goods
   • Blinks buyers and sellers quickly
   • Cproduces goods
   • Dinsures goods

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   Explanation and discussion

3. Question 63· Communication· WAEC

   Courier services are used for

   • Afast delivery of documents and parcels
   • Bstoring goods
   • Cinsuring goods
   • Dadvertising

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   Explanation and discussion

4. Question 64· Communication· WAEC

   Poor communication in business may lead to

   • Amore sales
   • Bdelays and loss of orders
   • Clower costs
   • Dbetter records

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   Explanation and discussion

5. Question 65· Computers and ICT in business· WAEC

   E-commerce means

   • Adoor-to-door sales
   • Btrade by barter
   • Cbuying and selling over the internet
   • Dtrade fairs

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   Explanation and discussion

6. Question 66· Computers and ICT in business· WAEC

   To keep online banking safe, a customer should

   • Ause the same PIN everywhere
   • Bpost passwords on social media
   • Cnever share PINs or one-time passwords
   • Dreply to unknown links

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   Explanation and discussion

7. Question 67· Computers and ICT in business· WAEC

   Electronic commerce means

   • Acash only trade
   • Btrade by barter
   • Cstreet hawking
   • Dbuying and selling over the internet

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   Explanation and discussion

8. Question 68· Computers and ICT in business· WAEC

   A risk of online banking is

   • Alower costs
   • Bfaster transactions
   • C24-hour access
   • Dfraud through phishing and hacking

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   Explanation and discussion

9. Question 69· Computers and ICT in business· WAEC

   POS terminals in shops are used to

   • Astore stock
   • Bprint newspapers
   • Cweigh goods
   • Daccept card payments

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   Explanation and discussion

10. Question 70· Computers and ICT in business· WAEC

    Point-of-sale (POS) terminals let customers

    • Aprint cheques
    • Bpay with cards in shops
    • Cstore goods
    • Dsend letters

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    Explanation and discussion

11. Question 71· Computers and ICT in business· WAEC

    An automated teller machine (ATM) lets customers

    • Aopen new accounts
    • Bget loans automatically
    • Cwithdraw cash and check balances at any time
    • Dbuy shares on the exchange

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    Explanation and discussion

12. Question 72· Computers and ICT in business· WAEC

    Which of these is a benefit of ICT to business?

    • Afaster processing of information
    • Bmore paperwork
    • Cslower communication
    • Dhigher error rates

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    Explanation and discussion

13. Question 73· Computers and ICT in business· WAEC

    E-commerce is

    • Atrading in an open market
    • Bbuying and selling goods and services over the internet
    • Cbarter
    • Dhire purchase

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14. Question 74· Computers and ICT in business· WAEC

    A business that promotes its products on social media is using

    • Ahire purchase
    • Bbarter
    • Cdigital marketing
    • Dan indent

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    Explanation and discussion

15. Question 75· Computers and ICT in business· WAEC

    The Bank Verification Number (BVN) helps to

    • Araise interest rates
    • Bidentify bank customers and reduce fraud
    • Cprint cheques
    • Dopen shops

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    Explanation and discussion

16. Question 76· Computers and ICT in business· WAEC

    A point of sale (POS) terminal is used to

    • Asend parcels
    • Bprint newspapers
    • Cstore goods
    • Daccept card payments in shops

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    Explanation and discussion

17. Question 77· Computers and ICT in business· WAEC

    A threat to businesses that use ICT is

    • Awider markets
    • Bfaster service
    • Ccyber fraud
    • Dlower costs

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    Explanation and discussion

18. Question 78· Computers and ICT in business· WAEC

    An automated teller machine (ATM) allows bank customers to

    • Abuy shares
    • Bborrow without collateral
    • Cwithdraw cash without visiting a cashier
    • Dinsure goods

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    Explanation and discussion

19. Question 79· Computers and ICT in business· WAEC

    Spreadsheets help businesses to

    • Astock warehouses
    • Bdrive vehicles
    • Ccalculate and analyse figures
    • Dprint money

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    Explanation and discussion

20. Question 80· Consumer protection· WAEC

    A right of the consumer is the right to

    • Aavoid paying
    • Bsell fake goods
    • Cbe informed about the product
    • Drefuse all taxes

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    Explanation and discussion