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Commerce 1989 WAEC Past Questions

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1
An insurance broker is involved in?
  • A. manufacturing occupation
  • B. distributive occupation
  • C. commercial occupation
  • D. extractive occupation
  • E. constructive occupation
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2
The process of buying and selling and distribution of goods and services is known as?
  • A. retail trade
  • B. commerce
  • C. marketing concept
  • D. marketing mix
  • E. wholesale trade
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3
The practice of employing specialists in relevant occupation is a feature of?
  • A. subsistence economy
  • B. mobility of labour
  • C. mixed economy
  • D. exchange economy
  • E. division of labour
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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
4
Which of the following convert raw materials into finished goods?
  • A. Extractive industry
  • B. Manufacturing
  • C. Commercial occupation
  • D. Constructive industry
  • E. Tertiary industry
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5
Which of the following support the view that there was commerce in Nigeria many years ago?
  • A. The economy was consistent
  • B. Specialization was minimal
  • C. Cowries were used as money
  • D. Horses wee used as means of transportation
  • E. Communities were interdependent
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WAEC offline past questions - with all answers and explanations in one app - Download for free
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709