WAEC Commerce: practice questions.

Question 1 · Investing in the Capital Market

An investor who buys ordinary shares of a company becomes

1. A.a creditor of the company
2. B.a director of the company automatically
3. C.an employee of the company
4. D.a part-owner of the company

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Question 2 · Personal Finance Management

Amaka wants to save ₦150,000 for a laptop in 6 months. How much must she save each month?

1. A.₦12,500
2. B.₦900,000
3. C.₦50,000
4. D.₦25,000

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Question 3 · Investing in the Capital Market

A share closed at ₦40.00 yesterday and ₦42.00 today. The percentage change in price is

1. A.2% gain
2. B.4.76% gain
3. C.5% gain
4. D.5% loss

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Question 4 · Tourism

In the tourism system, the place a tourist comes from, the route travelled and the place visited are called

1. A.the producer, wholesaler, retailer and final consumer
2. B.the drawer, drawee and payee
3. C.the insurer, insured and broker
4. D.generating region, transit route, destination

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Question 5 · Public Enterprises

A major source of finance for public enterprises is

1. A.sale of ordinary shares to private investors in all cases
2. B.partners' contributions
3. C.members' cooperative dues
4. D.government grants and subventions

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Question 6 · Ethics in Commerce

A trader in Aba refuses to sell fake phone chargers even though they are profitable. The MOST likely long-term benefit to her is

1. A.immediate doubling of her profits
2. B.exemption from paying shop rent
3. C.customer trust and good reputation
4. D.government payment of her debts

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Question 7 · E-commerce and Digital Marketing Platforms

The MAIN reason a mock online store adds a customer-review section is to

1. A.build trust and gain feedback
2. B.hide complaints from new customers
3. C.increase the price of goods automatically
4. D.avoid delivering goods to buyers

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Question 8 · Introduction to Trade

Which is a disadvantage of foreign trade to Nigeria?

1. A.It earns foreign exchange from exports
2. B.It widens the market for Nigerian goods
3. C.Imports may harm local industries
4. D.It gives consumers a wider variety of goods

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Question 9 · Retail Trade

A Port Harcourt pharmacy keeps customers' phone numbers and sends them reminders when their regular medicines are due. This is an example of

1. A.price discrimination between customers
2. B.customer relationship management
3. C.dumping
4. D.product recall

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Question 10 · Cooperative Societies

Cocoa farmers in Ondo who join together to market their beans and buy fertiliser form a

1. A.producer (marketing) cooperative
2. B.consumer cooperative
3. C.credit union only
4. D.public corporation

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Question 11 · Sole Proprietorship

A sole proprietor

1. A.shares profit with partners
2. B.has limited liability like a company
3. C.bears all the risks alone
4. D.is owned by shareholders

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Question 12 · Entrepreneurial Opportunities in Commerce

Which is the MOST important test of whether a business idea is viable?

1. A.The owner personally likes the idea
2. B.Paying demand from customers
3. C.The idea is popular in another country
4. D.A friend says it is a good idea

eZine practice question (original, teacher-reviewed)