Waec Commerce 1991 Past Questions and Answers

Question 91:

• WAEC 1991

The system of parting with authority not responsibility is known as?

A. Controlling
B. Planning
C. Delegating
D. Movtivating
E. Co-ordinating

Question 92:

• WAEC 1991

The system of parting with authority not responsibility is known as?

A. Controlling
B. Planning
C. Delegating
D. Movtivating
E. Co-ordinating

Question 93:

• WAEC 1991

That part of the money in circulation not backed by gold is known as?

A. Exchange equalization fund
B. Fiduciary issue
C. Note and coins
D. Ordinary note issue
E. Fictitious assets

Question 94:

• WAEC 1991

A document sent to a customer at regular price intervals to enable him know his indebtedness to his supplier is known as?

A. Debit note
B. Invoice
C. Statement
D. Receipt
E. Consignment note

Question 95:

• WAEC 1991

A document sent to a customer at regular price intervals to enable him know his indebtedness to his supplier is known as?

A. Debit note
B. Invoice
C. Statement
D. Receipt
E. Consignment note