Waec Commerce 1995 Past Questions and Answers

Question 21:

• WAEC 1995

When a seller decides to sell his goods at a specific price for a specific period, he is making?

A. A sales promotion
B. A bid
C. An auction sale
D. A firm offer
E. An implied guarantee

Question 22:

• WAEC 1995

A retailer who receives a trade discount of 33‘/3% and a cash discount of 10% on goods worth N360 would pay?

A. N240
B. N226
C. N216
D. 204
E. 120

Question 23:

• WAEC 1995

Which of the following documents is used when goods are sent on approval?

A. Catalogue
B. Delivery note
C. Receipt
D. Advice note
E. Pro forma invoice

Question 24:

• WAEC 1995

Terms of trade refers to?

A. Agreement between two trading countries
B. Conditions attached to specific trade transaction
C. The relationship between export and import prices
D. , the difference between the value imports and exports
E. All payments made-to other countries and receipts from them

Question 25:

• WAEC 1995

Another name for shares, stocks and debentures traded in the stock exchange is?

A. Collateral
B. Securities
C. Wares
D. Partcipating`preference shares
E. Cumulative preference shares