Waec Commerce 1993 Past Questions and Answers

Question 56:

• WAEC 1993

Which of the following services is not rendered by NIPOST?

A. Poste Restante
B. Express delivery
C. C.W.O
D. Telegram
E. Registered post

Question 57:

• WAEC 1993

Which of the following protects consumers against poor quality goods?

A. Nigerian Chambers of Commerce
B. Standards Organization of Nigeria
C. Trade Association
D. Manufacturers Association of Nigeria
E. Nigerian National Supply Company

Question 58:

• WAEC 1993

Which of the following is the safest means of sending a postal order from Lagos to a friend in Jos?

A. Registered letter
B. Recorded delivery
C. Railex
D. First class mail
E. Express mail

Question 59:

• WAEC 1993

Which of the following terms of price quotation includes cost of transportation to buyers premises?

A. FOB
B. C & F
C. FOR
D. FAS
E. Exship

Question 60:

• WAEC 1993

Net Profit is the?

A. Excess of income over expenses
B. Total income from the sale of goods
C. Difference between sales and purchases
D. Amount of purchasenless closing stock
E. Excess of total sales over total purchases