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Commerce 2020 WAEC Past Questions

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11

Which of the following is not a function of a consumer association?

  • A. ensuring that consumers buy quality goods
  • B. educating consumers on their rights
  • C. penalizing importers of fake goods
  • D. ensuring that fair prices are charged
View Answer & Discuss (4) WAEC 2020
12

An association formed by computer distributors to safeguard and promote their interest is a? 

  • A. chamber of commerce
  • B. cooperative society
  • C. trade association
  • D. trade union
View Answer & Discuss (7) WAEC 2020
13

The issue of prospectus by a company is an invitation to members of the public to?

  • A. subscribe to the company`s shares
  • B. buy the company`s product
  • C. attend the company`s boards meeting
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14

Examples of currents assets are?

  • A. cash and trade debtors
  • B. cash and trade creditors
  • C. trade debtors, trade creditors and cash
  • D. trade creditors and trade debtors
View Answer & Discuss (1) WAEC 2020
15

When the cost of sales is divided by the average stock, the result is?

  • A. gross profit
  • B. net profit
  • C. rate of turnover
  • D. working capital
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