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Commerce 2007 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
6
Which of the following is not required in the mail order business?
  • A. Warehouse
  • B. Catalogue
  • C. Display room
  • D. Post office
View Answer & Discuss WAEC 2007
7
The staff responsible for the calculations of probability of losses in insurance is the
  • A. Actuary
  • B. Underwriter
  • C. Broker
  • D. Solicitor
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8
The rate at which the country's import exchanges for its export is known as
  • A. Terms of trade
  • B. Balance of trade
  • C. Rate of exchange
  • D. Terms of exchange
View Answer & Discuss WAEC 2007
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9
Where a limited partner exists in a partnership
  • A. no active partner is needed
  • B. other partners must be nominal
  • C. at least one ordinary partner must be there
  • D. at least one member must be a legal practitioner
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10
Which of the following is best organized as a partnership?
  • A. Drilling and marketing of crude oil
  • B. Brewing and distribution of beer
  • C. Designing and building of houses
  • D. Assembling and marketing of vehicles
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