WAEC Commerce 2015 Theory question 101

Theory question 101

Occupation

Commerce 2 (essay)
(a) What is occupation?
(b) With the aid of a diagram, show the different classes of occupation.
(c) Explain with one example each, three classes of occupation shown in 1(b) above.

Show the model answer
Model answer

(a) Occupation is any lawful activity a person engages in regularly to earn a living.
(b) Diagram: OCCUPATION at the top branching into Industrial, Commercial and Direct services; Industrial branches into Extractive, Manufacturing and Constructive; Commercial branches into Trade (home and foreign) and Aids to trade (transport, banking, insurance, warehousing, advertising, communication).
(c)(i) Industrial occupation – producing goods by extraction, manufacturing or construction, e.g. mining.
(ii) Commercial occupation – distributing and exchanging goods (trade and aids to trade), e.g. banking or retailing.
(iii) Direct services – personal services rendered directly to people, e.g. teaching, medicine, law.

Explanation

The diagram must show the three main classes and their sub-divisions.