WAEC Commerce Questions 2021 Answers For Theory And Obj | Verified Expo

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WAEC Commerce Questions 2021 and Answers, Free WAEC Commerce Objective, theory Answers for WAEC (May/June) 2021 Commerce examination. Verified WAEC 2021 Commerce objective and theory answers for sure distinction in WAEC result in Commerce expo runz .The West African Examinations Council (WAEC) is an examination board established by law to determine the examinations required in the public interest in the English-speaking West African countries, to conduct the examinations and to award certificates comparable to those of equivalent examining authorities internationally..

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WAEC Commerce Questions 2021

WAEC 2021 Commerce verified questions Loading.

Today’s WAEC Commerce OBJ Answers: (2021 Answers)

For Accuracy, Answers will be loaded in this page 2 hours to the main exam. 

WAEC Commerce Obj Answers  

2021Commerce OBJ:

1-10 ABBDBBBCDD
11-20 ABDDCDCCBC
21-30 ACDABBBCAD
31-40 ACDABBBCDA

 

 

WAEC Commerce Questions 2021 Theory Answers (Expo)

Commerce

1. Commerce can be defined as the study of how

A. man utilizes the resources in his physical environment

B. man produces, distributes and consumes his goods and services

C. man buys, sells and distributes goods and services

D. raw materials are changed into finished goods

ANSWER: C (man buys, sells and distributes goods and services)

2. …… activity turns processed raw materials into consumer and industrial goods is described as

A. extractive

B. manufacturing

C. constructive

D. processing

ANSWER: B ( manufacturing )

3. The production process that combines two or more raw materials into one end product is

A. conditioning

B. blending

C. merging

D. synthesis

ANSWER: B (blending)

4. A demonstration of social responsibility by a business is the payment of

A. taxes to government

B. dividends to shareholders

C. interests on loans

D. premium on insurance

ANSWER: A (dividends to shareholders)

5. A distinguishing characteristics of a limited liability company is that it

A. is a collection of many sole proprietors

B. is a multiple partnership

C. can sue and be sued

D. has limited resources

ANSWER: C (can sue and be sued)

1. What does the term commerce describe?
A aids to trade and direct services
B direct services and industry
C industry and trade
D trade and aids to trade.

2. Division of labour in a firm leads to
A diseconomies of scale.
B longer working hours for the workforce.
C standardisation of products.
D the workforce being multi-skilled.

Other WAEC 2021 Commerce Questions Answers Related Subjects

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