WAEC 2026 Business Management OBJ & Essay Questions and Answers – May/June
Preparing for the WAEC 2026 Business Management OBJ and Essay Questions and Answers – May/June examination requires a good understanding of business principles, management functions, and organizational practices. This practice guide on WAEC 2026 Business Management OBJ and Essay Questions and Answers – May/June is designed to help students revise important topics, test their knowledge, and become familiar with the likely examination format. It contains objective questions as well as essay questions with clear answers for effective study.
Click here to get 2026 WAEC Questions and Answers
WAEC 2026 Business Management OBJ Questions and Answers – May/June
1. Business management is mainly concerned with
A. buying and selling goods
B. planning, organizing and controlling resources
C. producing goods only
D. transporting goods
Answer: B
2. The function of management that involves setting goals is
A. directing
B. planning
C. staffing
D. controlling
Answer: B
3. The process of arranging tasks and resources to achieve goals is called
A. organizing
B. planning
C. directing
D. controlling
Answer: A
4. A person who starts and manages a business is known as
A. manager
B. entrepreneur
C. supervisor
D. trader
Answer: B
5. Which of the following is NOT a factor of production?
A. Land
B. Labour
C. Capital
D. Advertisement
Answer: D
6. The reward for labour is
A. rent
B. interest
C. wages
D. profit
Answer: C
7. A partnership business is owned by
A. one person
B. two or more persons
C. government
D. shareholders only
Answer: B
8. The document that governs a company’s external affairs is called
A. memorandum of association
B. articles of association
C. prospectus
D. agreement
Answer: A
9. Motivation in management means
A. punishing workers
B. encouraging employees to work effectively
C. reducing salaries
D. supervising workers
Answer: B
10. The process of checking whether plans are being followed is
A. directing
B. organizing
C. controlling
D. planning
Answer: C
11. An example of a public enterprise is
A. private company
B. sole proprietorship
C. government corporation
D. partnership
Answer: C
12. The head of a company’s board is called
A. managing director
B. chairman
C. supervisor
D. secretary
Answer: B
13. Delegation means
A. refusing work
B. assigning duties to subordinates
C. employing workers
D. firing workers
Answer: B
14. The ability to influence workers to achieve goals is called
A. leadership
B. planning
C. control
D. discipline
Answer: A
15. The department responsible for hiring workers is
A. marketing department
B. personnel department
C. production department
D. finance department
Answer: B
16. The process of producing goods and services is called
A. distribution
B. production
C. marketing
D. exchange
Answer: B
17. The act of supervising employees at work is part of
A. directing
B. planning
C. staffing
D. organizing
Answer: A
18. The main aim of business is to
A. entertain people
B. satisfy human wants and make profit
C. reduce population
D. punish workers
Answer: B
19. Communication in business refers to
A. selling goods
B. passing information from one person to another
C. paying workers
D. producing goods
Answer: B
20. The reward for capital is
A. interest
B. wages
C. rent
D. salary
Answer: A
WAEC 2026 Business Management Essay Questions and Answers – May/June
1. Define Business Management.
Answer:
Business management is the process of planning, organizing, directing, and controlling the resources of an organization in order to achieve its goals efficiently and effectively.
2. State four functions of management.
Answer:
Planning
Organizing
Directing
Controlling
3. Explain the term entrepreneur.
Answer:
An entrepreneur is a person who organizes, manages, and takes the risk of starting and running a business enterprise.
4. List five qualities of a good manager.
Answer:
Leadership ability
Good communication skills
Decision-making ability
Integrity
Problem-solving skills
5. Mention four types of business organizations.
Answer:
Sole proprietorship
Partnership
Limited liability company
Public enterprise
6. State four advantages of a partnership.
Answer:
More capital is available
Sharing of risks
Division of labour
Better decision making
7. Explain the concept of delegation.
Answer:
Delegation is the process by which a manager assigns duties and responsibilities to subordinates while retaining overall authority.
8. State four sources of business finance.
Answer:
Personal savings
Bank loans
Share capital
Government grants
9. Mention four importance of planning in business.
Answer:
Helps achieve organizational goals
Reduces uncertainty
Improves decision making
Ensures efficient use of resources
10. Explain leadership in business management.
Answer:
Leadership in business management refers to the ability of a manager to influence, guide, and motivate employees to achieve organizational objectives.
11. State four roles of the personnel department.
Answer:
Recruitment of staff
Training and development
Staff welfare management
Performance evaluation
12. Mention four barriers to effective communication.
Answer:
Noise
Language differences
Poor listening
Emotional barriers
13. Explain motivation in management.
Answer:
Motivation refers to the process of encouraging employees to work willingly and efficiently towards achieving organizational goals.
14. State four methods of motivating workers.
Answer:
Payment of good salaries
Promotion opportunities
Job security
Recognition and rewards
15. Mention four importance of business management.
Answer:
Ensures efficient use of resources
Improves productivity
Helps achieve business goals
Promotes organizational growth
16. Explain the term staffing.
Answer:
Staffing is the process of recruiting, selecting, training, and placing employees in appropriate positions within an organization.
17. State four objectives of a business organization.
Answer:
Profit making
Customer satisfaction
Business growth
Employment creation
18. Mention four functions of the marketing department.
Answer:
Market research
Advertising
Product promotion
Customer service
19. State four functions of management control.
Answer:
Monitoring performance
Comparing results with plans
Identifying deviations
Taking corrective actions
20. Explain the importance of communication in business.
Answer:
Communication is important in business because it ensures proper coordination of activities, improves decision making, enhances teamwork, and helps achieve organizational objectives.
