Waec Commerce 1997 Past Questions and Answers

Question 26:

• WAEC 1997

A retailer's mark-up is his

A. Total cost less total sales
B. Total sales less total returns
C. Gross profit less expenses
D. Sales dividend be average stock
E. Selling price less cost price

Question 27:

• WAEC 1997

Debenture is an example of

A. Fixed capital
B. Share capital
C. Loan capital
D. Working capital
E. Circulating capital

Question 28:

• WAEC 1997

Which of the following is not an acceptable collateral security for a bank loan?

A. Certificate of occupancy
B. Life assurance policy
C. Lien on deposit account
D. Family building
E. Warehouse warrant

Question 29:

• WAEC 1997

Which of the following is the basic principle of marketing concept?

A. Seller-oriented
B. Producer-oriented
C. Consumer-oriented
D. Manufacturer-oriented
E. Product-oriented

Question 30:

• WAEC 1997

The compensation given to brokers who sell shares to jobbers is called

A. Premium
B. Commission
C. Salary
D. Interest
E. Dividend