WAEC Commerce Essay and objective answers are ready. See the verified, and real WAEC Commerce Questions and Answers released online. This solution will help you get a good result in your WASCCE exam. The West African Examinations Council (WAEC) is a regional examination body that conducts standardized tests for English-speaking West African countries. It plays a crucial role in assessing the academic achievements of students at the secondary school level, facilitating their progress to higher education and beyond.
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In this article, we will not only show you the WAEC May/June 2024 commerce questions and answers, \but will as well guide you on how to use it to get excellent result.
The WAEC examination schedule for Tuesday, 11th June, 2024, confirms that Commerce 2 (Essay) will take place from 9:30 am to 11:30 am, followed by Commerce 1 (Objective) from 11:30 am to 12:20 pm.
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Also Read: NECO Civic Education Questions and answers
Is WAEC Commerce Questions 2024 Answers Out?
Yes, we wish to bring to the notice of all student writing the commerce exam that the questions and answers are out. This was released by the The West African Examinations Council and made available in this page.
At this point, keep refreshing this page to see the commerce 2024 question papers and all the solution.
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WAEC Commerce Essay Answers
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(2a)
-Memorandum of Association-
(i)Name and address of the company
(ii)Objective and purpose of the company
(iii)Type of company (public or private)
(iv)Liability of members (limited or unlimited)
(v)Capital structure (authorized share capital)
-Articles of Association-
(i)Rules for internal management and governance
(ii)Procedures for meetings and decision-making
(iii)Directors’ powers and responsibilities
(iv)Shareholders’ rights and privileges
(v)Procedures for amendments and alterations
(2b)
(i)Regulatory Compliance: Public corporations must navigate through complex and evolving regulatory frameworks, which can be time-consuming and costly to adhere to. Failure to comply with regulations can result in legal consequences and reputational damage.
(ii)Public Scrutiny: As publicly traded entities, corporations are subject to intense public and media scrutiny. This can lead to pressure to meet short-term financial targets, which may not align with long-term strategic goals.
(iii)Shareholder Activism: Public corporations are susceptible to shareholder activism, where influential shareholders may push for changes in management, strategy, or capital allocation. This can create internal conflicts and disrupt the company’s operations.
(iv)Market Volatility: Public corporations are exposed to market volatility, which can impact stock prices, investor sentiment, and access to capital. Economic downturns and industry-specific challenges can significantly affect the company’s performance.
(v)Leadership Transitions: Succession planning and leadership transitions can pose significant challenges for public corporations. Ensuring a smooth transfer of leadership and maintaining organizational stability during such transitions is crucial for the company’s sustained success.
(4a)
(i)Mobility: Itinerate trade involves moving from one place to another to conduct business. Traders travel to different locations, such as markets or fairs, to sell their goods or services.
(ii)Limited Duration: Itinerate trade is usually temporary and occurs for a specific period. Traders set up temporary stalls or stands and operate for a limited time before moving on to the next location.
(iii)Variation in Products: Itinerate traders often offer a variety of products to cater to different customer preferences. They may sell a range of goods, such as clothing, accessories, household items, or food.
(iv)Bargaining and Negotiation: Itinerate trade typically involves bargaining and negotiation between the trader and the customer. Prices and terms of sale are often flexible and subject to negotiation.
(v)Informal Setting: Itinerate trade takes place in informal settings, such as open-air markets or temporary stalls. The atmosphere is often bustling and vibrant, with traders actively engaging with potential customers.
(4b)
(i)Wide Product Range: Supermarkets offer a wide variety of products, including groceries, fresh produce, household items, personal care products, and more. They strive to provide customers with a one-stop shopping experience.
(ii)Self-Service Format: Supermarkets typically operate on a self-service model, where customers browse the aisles and select products themselves. They can compare prices, read labels, and make their own choices.
(iii)Large Store Size: Supermarkets are generally large in size, with spacious aisles and multiple departments. They have ample space to accommodate a wide range of products and provide a comfortable shopping environment.
(iv)Organized Layout: Supermarkets have a well-organized layout, with products arranged in specific sections or departments. This makes it easier for customers to navigate through the store and find what they need.
(v)Convenient Operating Hours: Supermarkets often have extended operating hours, opening early in the morning and closing late at night. This allows customers to shop at their convenience, even outside regular working hours.
To see all answers click here for Wbakey Commerce
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How To Get The WAEC Commerce Questions Answers 2024
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2023 WAEC Commerce Answer
(1b)
(i) Oil driller – Industrial worker
(ii) Potter – Artisan worker
(iii) Policeman – Civil servant worker
(iV) Brewer – Industrial/Service worker
(V) Stock broker – Professional worker
(vi) Mason – Construction worker
(Vii) Farmer – Agricultural worker
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(2a)
(i)Unlimited liability: The partners are liable to the debts of the business to no limit.
(ii) Difficulty in management: Decision-taking is going to be long and slow as every partner would want their voice to be heard, thus, creating disagreement.
(iii) Inability to raise sufficient capital: Partners cannot invite the public to raise capital, and bec
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