Waec Commerce 1997 Past Questions and Answers

Question 41:

• WAEC 1997

Which of the following indicates special crossing on a check? Two parallell lines with

A. "& Co" and "not negotiable"
B. The abbreviation "& Co" only
C. "account payee" only
D. The name of a particular bank
E. "not negotiable" only

Question 42:

• WAEC 1997

Which of the following is usually sent to prospective buyer when the seller expects payment of the goods dispatched?

A. Pro-forma invoice
B. Advice note
C. Consignment note
D. Statement of account
E. Delivery note

Question 43:

• WAEC 1997

A company which acquires more than 50% voting shares of another company is called?

A. A trust
B. A cartel
C. An amalgamation
D. A consortium
E. A holding company

Question 44:

• WAEC 1997

Which of the following is true of a merger?

A. Original names of the companies are retained
B. Expansion is restricted
C. All debts are written off
D. The company formed aquires a new name
E. All workers are paid bonuses

Question 45:

• WAEC 1997

Which of the following covers damages to the body of a ship and its machinery?

A. Freight insurance
B. Cargo insurance
C. General average insurance
D. Voyage policy
E. Hull insurance