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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 161· Foreign trade· WAEC

    Goods that cannot be exported through a port in their own country are often handled through

    Explanation and discussion

  2. Question 162· Foreign trade· WAEC

    An import duty is a tax on

    Explanation and discussion

  3. Question 163· Foreign trade· WAEC

    A bill of lading is issued by a

    Explanation and discussion

  4. Question 164· Foreign trade· WAEC

    A ban on importing a particular commodity is called

    Explanation and discussion

  5. Question 165· Forms of business organisation· WAEC

    A partner who contributes capital but takes no part in management is a

    Explanation and discussion

  6. Question 166· Forms of business organisation· WAEC

    Profits of a consumers' cooperative society are shared according to

    Explanation and discussion

  7. Question 167· Forms of business organisation· WAEC

    A cooperative society formed by farmers to sell their produce together is a

    Explanation and discussion

  8. Question 168· Forms of business organisation· WAEC

    A franchise allows a business to

    Explanation and discussion

  9. Question 169· Forms of business organisation· WAEC

    A consumer cooperative society aims to

    Explanation and discussion

  10. Question 170· Forms of business organisation· WAEC

    A sole proprietor's liability for business debts is

    Explanation and discussion

  11. Question 171· Forms of business organisation· WAEC

    Under CAMA 2020, a private company may have at most

    Explanation and discussion

  12. Question 172· Forms of business organisation· WAEC

    Public corporations in Nigeria are owned by

    Explanation and discussion

  13. Question 173· Forms of business organisation· WAEC

    A public company invites the public to buy its shares through a

    Explanation and discussion

  14. Question 174· Forms of business organisation· WAEC

    Chidi runs a small provision shop alone, takes every decision and keeps all the profit. His business is a

    Explanation and discussion

  15. Question 175· Forms of business organisation· WAEC

    Shareholders of a limited company have

    Explanation and discussion

  16. Question 176· Forms of business organisation· WAEC

    A partner who lends his name to a firm but contributes no capital is a

    Explanation and discussion

  17. Question 177· Forms of business organisation· WAEC

    The document that governs the internal affairs of a company is the

    Explanation and discussion

  18. Question 178· Forms of business organisation· WAEC

    The maximum number of members in an ordinary partnership is usually

    Explanation and discussion

  19. Question 179· Forms of business organisation· WAEC

    The document setting out the rules for the internal running of a company is the

    Explanation and discussion

  20. Question 180· Forms of business organisation· WAEC

    The document that governs the internal management of a company is the

    Explanation and discussion

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