WAEC Commerce Past Questions & Answers - Page 314

1,566.

Which of the following is one of the functions of commerce?

A.

Manufacturing

B.

Growing of tomatoes

C.

Storage of goods

D.

Construction of roads

E.

Car assemblying

Correct answer is C

No explanation has been provided for this answer.

1,567.

Which of the following does not belong to the industry?

A.

Farming

B.

Insuring

C.

Mining

D.

Drilling

E.

Fishing

Correct answer is B

No explanation has been provided for this answer.

1,568.

The three main division of production include industrial?

A.

commercial banking services

B.

commercial and services

C.

transportation and services

D.

manufacturing and services

E.

banking and services

Correct answer is B

No explanation has been provided for this answer.

1,569.

Which of the following statements is not true?

A.

Commercial services are the life's blood of a country's economic system

B.

There cannot occur commercial services unitl goods have been produced

C.

Without commercial services must goods and services will not produced

D.

There is no stage of production that does not employ commercial services

E.

Commercial services add to the value of a product

Correct answer is B

No explanation has been provided for this answer.

1,570.

The major divisions of Commerce are?

A.

import, export and transport

B.

trade, communication and warehousing

C.

trade and auxiliaries to trade

D.

exchange, consumption and production

E.

import, trade and production

Correct answer is C

No explanation has been provided for this answer.