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WAEC Commerce Questions and Answers 2022 is now release for the May/June 2022. WAEC Commerce Theory and Objective Answers (100%legit) Commerce2 Essay verified Free (Expo) for West African Examinations Council. WAEC Commerce Questions For you to have good WAEC result in Commerce as well as repeated questions for free in this post. You will also understand how WAEC Commerce questions are set and how to answer them. The West African Examinations Council 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 OBJECTIVES (OBJ) ANSWERS Loading
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WAEC Commerce OBJ Answers:
1-10: BCDABBBCAD
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21-30: ADAAAACBBB
31-40: DDDBACBBBC
41-50: CDADADCADC
WAEC Commerce Answers
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(1a)
Mergers occur when two companies join forces. Such transactions typically happen between two businesses that are about the same size and which recognize advantages the other offers in terms of increasing sales, efficiencies, and capabilities WHILE Acquisitions occur when one company buys another company and folds it into its operations. Sometimes the purchase is friendly and sometimes it is hostile, depending on whether the company being acquired believes it is better off as an operating unit of a larger venture.
(1b)
(i) Helps in satisfying human wants: Human wants are insatiable. Commerce has made the distribution and movement of goods possible from one part of the world to the other. Today we can buy anything produced anywhere in the world.
(ii) Improves standard of living: Standard of living refers to the quality of life enjoyed by the members of society. When man consumes more products his standard of living improves. To consume a variety of goods he must be able to secure them first. Commerce helps us to get what we want at the right time, right place and at the right price and thus helps in improving our standard of living
(iii) Commerce links producers and consumers: Production is meant for ultimate consumption. Commerce makes possible to link producers and consumers through retailers and wholesalers and also through the aids to trade. Consumers get information about different goods through advertisements and salesmanship.
iv) It generates employment opportunities: The growth of commerce, industry, and trade bring about the growth of agencies of the trade such as banking, transport, warehousing, advertising, etc.
(v) Commerce increases national income and wealth: When production increases, the national income also increases. In a developed country, manufacturing industries and commerce together account for nearly 80% of total national income. It also helps to earn foreign exchange by way of exports and duties levied on imports.
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(3b)
(i) A bull is a stock market speculator who buys a holding in a stock in the expectation that in the very short-term it will rise in value whereupon they will sell the stock to make a quick profit on the transaction.
(ii) A jobber is an independent dealer in securities who holds shares on his or her own account and help boost market liquidity by matching investors’ buy and sell orders through their brokers.
(iii) A stockbroker is a professional trader who buys and sells shares on behalf of clients. The stockbroker may also be known as a registered representative or an investment advisor.
(iv) Stag is a short-term speculator who attempts to profit from short-term market movements by quickly moving in and out of positions
(7a)
Economic grouping may be defined as the coming together of different countries with a common economic interest and goals with a view to promoting economic cooperation and development among member States.
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