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Commerce 2023 WAEC Past Questions

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1

Which of the following is not a factor of production?

  • A. Capital
  • B. Staffing
  • C. Labour
  • D. Land
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2

The excess value of total assets over total liabilites is

  • A. capital owned
  • B. borrowed capital
  • C. paid-up capital
  • D. paid-up capital
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3

An element of a valid contract is

  • A. operation of law
  • B. performance
  • C. breach
  • D. capacity to contract
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4

Industrial, commercial and service are types of

  • A. specialization
  • B. occupation
  • C. manufacturing
  • D. extraction
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5

Operating a state owned enterprise with the intention of making more profit is

  • A. nationalization
  • B. deregulation
  • C. privatization
  • D. commercialization
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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