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Commerce 1996 WAEC Past Questions

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1
Which of the following is not the duty of an entrepreneur?
  • A. provision of inital capital
  • B. Bearing of risks
  • C. Organization of other factors of production
  • D. Decision on what to produce
  • E. Decision on the amount of tax to pay
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2
The difference between the total amount of money received by a country and the total amount paid to other countries within a given period is the
  • A. trade gap
  • B. balance of trade
  • C. balance of payments
  • D. current account balance
  • E. terms of trade
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3
Which of the following is used to transmit typed messages over long distances?
  • A. Dictaphone
  • B. Teleprinter
  • C. Computer
  • D. Telephone
  • E. Radio
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Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
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4
When a company buys up firms supplying it with raw materials, this is an example of
  • A. horizontal integration
  • B. a holding company
  • C. backward integration
  • D. consortium
  • E. lateral merger
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5
Industrial, commercial and direct services are branches of
  • A. manufacturing
  • B. occupation
  • C. exchange
  • D. distribution
  • E. specialization
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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
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts