Waec Commerce 1996 Past Questions and Answers

Question 66:

• WAEC 1996

A document signed by a customs officer of the exporting country to confirm the country of export of the goods is

A. An export invoice
B. A consular invoice
C. A certificate of origin
D. A letter of hypothecation
E. A bill of laden

Question 67:

• WAEC 1996

For which of the following reasons would a seller not issue a credit note to a customer? If

A. Goods are undercharged
B. Goods are damaged
C. Bottles are returned
D. Goods are overcharged
E. Fewer goods are returned

Question 68:

• WAEC 1996

A statement of account is a

A. Summary of goods sold to a customer for a particular item
B. Note to inform the customer of an addition to his business transaction
C. Standard letter sent to customers who have not settled their bills
D. Statement of acceptance of credit facilities to a customer
E. Summary of a customer's transactions over a given period

Question 69:

• WAEC 1996

Management is

A. Getting things done through other people
B. The implementation of business decision
C. The number of levels in an organisation
D. Made up the general manager and the employees
E. Making goods available in places where they are needed

Question 70:

• WAEC 1996

The sum of money the assurer is prepared to pay the assured in total discharge of a contract before its maturity is

A. Dividend
B. Premium
C. Annuity
D. Surrender value
E. Interest