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Commerce 2025 WAEC Past Questions

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6

Which type of occupation is a carpenter engaged in?

  • A. Commercial
  • B. Construction
  • C. Extraction
  • D. Manufacturing
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7

The reward for land as a factor of production is

  • A. interest
  • B. profit
  • C. rent
  • D. wage
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8

Which of the following businesses can raise capital through the stock exchange?

  • A. Sole proprietorship
  • B. Private company
  • C. Cooperative society
  • D. Public company
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9

A group of people representing a cross-section of business interests in an area is

  • A. employer's association
  • B. chamber of commerce.
  • C. manufacturers' association
  • D. consumer's association
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10

One of the disadvantages of selling on credit is

  • A. increase in bad debts
  • B. increase in liquidity
  • C. reduction in profit
  • D. reduction in turnover
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