Waec Commerce 1997 Past Questions and Answers

Question 16:

• WAEC 1997

One of the characteristics of a debenture is that

A. It yields a fixed rate of dividends
B. It has no redemption date
C. It yields a fixed rate of interest
D. Its holder has a voting right
E. The holder bears more risk than others

Question 17:

• WAEC 1997

Which of the following is a disadvantage of credit transaction?

A. Increases turnover
B. Facilitates the sale of durable goods
C. Encourages the habit of saving
D. Encourages bad debt
E. Enables consumers to enjoy goods without immediate payment

Question 18:

• WAEC 1997

In which of the following do the goods become the property of the buyer on the payment of first installment

A. Hire-purchase
B. Deferred payment
C. Leasehold
D. Cash with order
E. Forward trading

Question 19:

• WAEC 1997

Which of the following government legislation is not aimed at consumer protection?

A. Taxation Law
B. Sales of Goods Act
C. Food and Drugs Act
D. Standards Organization Act
E. Price Control Act

Question 20:

• WAEC 1997

Self-service, mail order and automatic vending are examples of

A. Marketing mix
B. Sales promotion
C. Public relations
D. Selling techniques
E. Personal selling