Waec Commerce 1989 Past Questions and Answers

Question 66:

• WAEC 1989

Which of the following price quotation contains the cost price, insurance charges and the cost of transporting the goods?

A. F.O.R
B. C & F
C. F.A.S
D. F.O.B
E. C.I.F

Question 67:

• WAEC 1989

Any powers exercise by a company in pursuance of objectives not authorized by the Memorandum of Association is regarded as?

A. A trespass
B. A nuisance
C. Ultra vires
D. Uberrimae fidei
E. Caveat emptor

Question 68:

• WAEC 1989

The process whereby a firm buys over the assets and liabilities of another firm is known as?

A. Amalgamation
B. Cartel
C. Factoring
D. Holding
E. Combine

Question 69:

• WAEC 1989

It is advantageous to provide services which are natural monopoly through?

A. Sole trades
B. Partnership
C. Public limited liabilities companies
D. Public enterprises
E. Co-operative societies

Question 70:

• WAEC 1989

The rate at which a country's exports exchange for its imports is called?

A. Balance of payments
B. Balance of trade
C. Terms of delivery
D. Terms of trade
E. Counter trade