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Commerce 2019 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

The problem of double coincidence of wants is that

  • A. it is hard to determine the exchange rate of goods
  • B. it does not encourage purchase of large quantities and varieties
  • C. deferred payment is not possible because goods exchange are not durable
  • D. one has to find someone who wants his surplus and also has what he needs
View Answer & Discuss (1) WAEC 2019
7

The type of business where management is separated from ownership is a 

  • A. sole proprietorship
  • B. public company
  • C. partnership
  • D. cooperative society
View Answer & Discuss (2) WAEC 2019
8

Where there is no deed of partnership, members share profit on

  • A. the basis of participation
  • B. the basis of shares held
  • C. patronage basis
  • D. equal basis
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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9

The factor of production that is fixed in nature is

  • A. land
  • B. labour
  • C. entrepreneurship
  • D. capital
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10

A means of payment through the post office is

  • A. standing order
  • B. money order
  • C. debit order
  • D. credit card
View Answer & Discuss WAEC 2019
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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