Waec Commerce 1994 Past Questions and Answers

Question 46:

• WAEC 1994

The process of entrusting part of the work of a superior and the corresponding authority to a subordinate in an
organisation is called?

A. Delegation
B. Deputising
C. Coordinating
D. Supervision
E. Motivation

Question 47:

• WAEC 1994

Which of the following is not considered by banks when granting loans to customers?

A. Character ofthe customer
B. Amount needed
C. Period of repayment
D. Amount of interest payable
E. Purpose of the loan

Question 48:

• WAEC 1994

Which of the following is not considered by banks when granting loans to customers?

A. Character ofthe customer
B. Amount needed
C. Period of repayment
D. Amount of interest payable
E. Purpose of the loan

Question 49:

• WAEC 1994

A cheque that is drawn on a bank is called?

A. Certified cheque
B. Bankdraft
C. Bank note
D. Order cheque
E. Bearer cheque

Question 50:

• WAEC 1994

The rebate given to the retailer by the wholesaler to enable him make profit is known as?

A. Trade discount
B. Cash discount
C. Credit guarantee
D. Commission
E. Mark-up