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WAEC Commerce questions

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

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All topicsAdvertising and marketing · 16Business management and environment · 15Commerce and its scope · 16Communication · 17Computers and ICT in business · 15Consumer protection · 16Documents used in trade · 18Elements of commercial law · 16Financing a business · 16Foreign trade · 19Forms of business organisation · 19Home trade: retail and wholesale · 19Insurance · 18Money and banking · 19Occupation and production · 17The stock exchange · 17Transport · 16Warehousing · 15

  1. Question 141· Financing a business· WAEC

    Ploughing back profit means

    Explanation and discussion

  2. Question 142· Financing a business· WAEC

    A firm has current assets of ₦800,000 and current liabilities of ₦500,000. Its working capital is

    Explanation and discussion

  3. Question 143· Financing a business· WAEC

    A trader's capital is ₦500,000, and he earns a net profit of ₦75,000. His return on capital is

    Explanation and discussion

  4. Question 144· Financing a business· WAEC

    The turnover of a business is its

    Explanation and discussion

  5. Question 145· Financing a business· WAEC

    Working capital is

    Explanation and discussion

  6. Question 146· Foreign trade· WAEC

    A document sent by an importer to an exporter to order goods is

    Explanation and discussion

  7. Question 147· Foreign trade· WAEC

    Dumping in international trade means

    Explanation and discussion

  8. Question 148· Foreign trade· WAEC

    Customs duties in Nigeria are collected by the

    Explanation and discussion

  9. Question 149· Foreign trade· WAEC

    Goods imported into Lagos from China and later sent on to Chad are an example of

    Explanation and discussion

  10. Question 150· Foreign trade· WAEC

    Goods imported into Lagos and then sent on to Niger Republic are part of

    Explanation and discussion

  11. Question 151· Foreign trade· WAEC

    A country has a favourable balance of trade when the value of its

    Explanation and discussion

  12. Question 152· Foreign trade· WAEC

    Trade between Nigeria and Ghana is an example of

    Explanation and discussion

  13. Question 153· Foreign trade· WAEC

    Trade between Nigeria and Ghana is

    Explanation and discussion

  14. Question 154· Foreign trade· WAEC

    The document used by an importer to ask a supplier abroad for goods is the

    Explanation and discussion

  15. Question 155· Foreign trade· WAEC

    Which document is both a receipt for goods shipped and a document of title?

    Explanation and discussion

  16. Question 156· Foreign trade· WAEC

    Entrepot trade means

    Explanation and discussion

  17. Question 157· Foreign trade· WAEC

    Tariffs are

    Explanation and discussion

  18. Question 158· Foreign trade· WAEC

    A limit on the quantity of a good that may be imported is called

    Explanation and discussion

  19. Question 159· Foreign trade· WAEC

    Exporting goods earns a country

    Explanation and discussion

  20. Question 160· Foreign trade· WAEC

    A balance of payments deficit means that

    Explanation and discussion

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