Waec Commerce 1996 Past Questions and Answers

Question 46:

• WAEC 1996

When goods are sent through an independent carrier, the document used by the sender is

A. A delivery note
B. An advice note
C. An invoice
D. A consignment note
E. A reciept

Question 47:

• WAEC 1996

Which of the following may not be considered when choosing an appropriate channel of distribution for a new product?

A. Nature of the product
B. Identification of potential customers
C. Operating costs
D. Existing local channel of distribution
E. Provision of credit facilities to customers

Question 48:

• WAEC 1996

Which of the following may be used to restrict imports?
i. Bill of lading ii. Specific Licenses iii.Foreign exchange rationing iv. Letters of credit v.Customs duties and tariffs

A. I, ii and v only
B. Ii, iii and v only
C. Iii, iv and v only
D. I, ii and iv only
E. Ii, iii and iv only

Question 49:

• WAEC 1996

Which of the following is not a reason for dishonoring a cheque?

A. Insufficient funds
B. Different amounts in words and figures
C. Uninitiated alteration
D. Wrong signature
E. Special crossing

Question 50:

• WAEC 1996

Which of the following is not true of a private limited company?

A. The minimum number of shareholders is two
B. Its shares are freely transferable
C. There is a limit to the number of shareholders
D. It is following separate legal entity
E. It is a registered business