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Commerce 2018 WAEC Past Questions

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11

The path through which a product moves from the manufacturer to the consumer is a?

  • A. channel of communication
  • B. line of production
  • C. means of transportation
  • D. channel of distribution
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12

If the opening stock of Ali ltd is N40,000, the cost of goods sold is N48,000 and the closing stock is N24,000, its rate of turnover will be?

  • A. 1.2 times
  • B. 1.5 times
  • C. 2.0 times
  • D. 7.5 times
View Answer & Discuss (4) WAEC 2018
13

A business which requires a certificate of trading in order to commence operation is a? 

  • A. co-operative society
  • B. private company
  • C. sole propietorship
  • D. public company
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14

Exchange of goods in international market which does not involve the use of money is a

  • A. barter trade
  • B. entreport trade
  • C. counter trade
  • D. bilateral trade
View Answer & Discuss (2) WAEC 2018
15

which of the following features is not associated with a chamber of commerce? it is 

  • A. democratically administered
  • B. an independent association
  • C. open only to entrepreneurs
  • D. a voluntary association
View Answer & Discuss (1) WAEC 2018
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