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WAEC COMMERCE OBJECTIVE 2024 PAST QUESTION

WAEC COMMERCE OBJECTIVE 2024 PAST QUESTION
WAEC COMMERCE OBJECTIVE 2024 PAST QUESTION


Do you need the West African Senior School Certificate Examination (WASSCE) COMMERCE Past Questions for Free? If Yes, you are in the right place, we provide complete WAEC past questions for download on our website.

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Table of Content

About WAEC

Full meaning of WAEC

W - West
A - Africa
E - Examination
C - Council

What is WAEC

The West African Examinations Council (WAEC) is an organization established by legislation to determine whether examinations are required for the public welfare in the English-speaking countries of West Africa., to administer the exams, and to issue certificates that are on par with those issued by comparable examining authorities internationally. The West African Examinations Council was founded in 1952, and its mission is to be a premier examination organization that advances the educational objectives of all its stakeholders.

For more info, you can visit: WAEC official website

How to check WAEC Result

To check your WAEC result, check the easy steps given in this post where we explained in detail step by step how you can check your WAEC result online. Click here to check easy steps to check WAEC result online

About COMMERCE

Commerce focuses on the study of trade and business activities such as buying and selling of goods and services, as well as the support systems that enable these transactions. It serves as a bridge between producers and consumers, helping to distribute goods and services efficiently.

Important Topics In COMMERCE

  • Introduction to Commerce
  • Trade (Home and Foreign Trade)
  • Aids to Trade
  • Business Units (Forms of Business Ownership)
  • Business Documents
  • Office Practice
  • Business Environment
  • Marketing and Advertising
  • Insurance
  • Banking
  • Warehousing
  • Transportation
  • Consumer Protection
  • E-Commerce and Technology in Business
  • Foreign Trade and Balance of Payments
  • Entrepreneurship
  • Occupation and Economic Activities
  • Channels of Distribution
  • Business Finance and Capital
  • Stock Exchange Market

Importance of Past Questions

Past questions are important in your studies to help you have an insight of how the exam looks like and how to face questions related to different topics covered in the subject examination to be taken

Excerpts From WAEC COMMERCE OBJECTIVE 2024 Past Questions

1. The development  of  Commerce  was  promoted by ?
    A. warehousing.
    B. transportation. 
    C. specialization. 
    D  manufacturing. 

2. A major setback of e-commerce in West Africa is ? 
    A. unbalanced economic growth. 
    B. poor communication infrastructure. 
    C. political interference. 
    D. lack of industries. 

3. Conversion of raw materials into finished goods is ?
    A. tertiary production. 
    B. secondary production. 
    C. primary production. 
    D. batch production. 

4. A source of finance peculiar to public companies is ?
    A. sale of shares. 
    B. personal savings. 
    C. membership contribution. 
    D. borrowing from friends. 

5. An example of an entrepreneur is a ?
    A. bank manager. 
    B. board member. 
    C. debenture holder. 
    D. sole proprietor. 

6. A partner who loses his capital only, in case of bankruptcy is ?
    A. a nominal partner.  
    B. a limited partner. 
    C. a general partner. 
    D. an active partner. 

7. Ship building is an activity under ?
    A. commercial occupation. 
    B. indirect service. 
    C. industrial occupation. 
    D. direct service. 

8. The process of making goods and providing services for consumption is ?
    A. exchange
    B. occupation
    C. production
    D. specialization. 

9.  A disadvantage of a sole trader is that he ?
    A. pays tax to government. 
    B. has limited liability. 
    C. has unlimited liability. 
    D. does not share profit with others. 

10.  An organization formed mainly by traders in the same line of business is a ?
    A. trade association. 
    B. trade union. 
    C. chamber of commerce. 
    D. cooperative society. 

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NAME:WAEC COMMERCE OBJECTIVE 2024
YEAR: 2024
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