Waec Commerce 1991 Past Questions and Answers

Question 86:

• WAEC 1991

Which of the following is not a reason for imposing custom duty? The need to

A. Raise revenue
B. Protect home industry
C. Prevent dumping
D. Decrease the volume of world trade
E. Retaliate

Question 87:

• WAEC 1991

Which of the following was the chief means of transport during the Tran-Saharan Trade?

A. Motor lorries
B. Horses
C. Camels
D. Aeroplanes
E. Barges

Question 88:

• WAEC 1991

Terms of payments are quoted on the?

A. Order form
B. A device note
C. Credit note
D. Debit note
E. Invoice

Question 89:

• WAEC 1991

Who among the following is NOT a middleman?

A. A retailer
B. Broker
C. Factor
D. Consumer
E. Wholesaler

Question 90:

• WAEC 1991

The most important factor influencing the form of a business unit is?

A. Expansion possibities
B. Business intergrity
C. The amount of capital value
D. Adequate number of skilled employees
E. The number of competing firms in the industry