Waec Commerce 1997 Past Questions and Answers

Question 46:

• WAEC 1997

The major disadvantage of pipeline transportation is that it

A. Does not involve toomuch labour
B. Reduces road congestion
C. Is fast
D. Is not easy to detect damages
E. Is not affected by weather

Question 47:

• WAEC 1997

Which of the following are true of a bill of lading? i. it is a means of payment in foreign trade. ii. it is document of title to goods. iii. it is a contract of carriage. iv. it is usually drawn in triplicate.

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

Question 48:

• WAEC 1997

The difference between the total amount owed to a country and the total amount owed by it is

A. Trade surplus
B. Terms of trade
C. Trade gap
D. Balance of trade
E. Balance of payments

Question 49:

• WAEC 1997

Which of the following is not true of branding?

A. Facilitates identification of goods
B. Leads to increased sales and deeper loyalty
C. Makes market segmentation easier
D. Encourages pilfering
E. Facilitates advertising

Question 50:

• WAEC 1997

Which of the following is a disadvantage of air transport?

A. High speed
B. Less risk
C. High cost
D. Moves on schedule
E. Conveys perishable goods