Waec Commerce 1998 Past Questions and Answers

Question 16:

• WAEC 1998

Another name for a foreign order is

A. Consular invoice
B. Dock warrant
C. Standing order
D. Indent
E. Pro forma invoice

Question 17:

• WAEC 1998

An agreement to deliver goods in the future after payment of the final installment is known as?

A. Credit sales
B. Hire purchase
C. Conditional sale
D. Trade-in-sale
E. Leasing

Question 18:

• WAEC 1998

Which of the following is a pre-sales service to the consumer?

A. Installement of the product
B. Provision of credit facilities
C. Maintenance of product for a period of time
D. Transportation and delivery services
E. Acceptance of damaged goods

Question 19:

• WAEC 1998

Rate of stock turnover is calculated to determine

A. Total volume of sales
B. Number of times goods are bought and sold
C. Number of times goods are counted
D. Total value of goods in the store
E. The quality of goods sold

Question 20:

• WAEC 1998

Which of the following is not a feature of hire purchase?

A. Customer pays initial deposit
B. Customer pays purchase price plus interest
C. Payment is by instalment
D. Ownership of goods passes to the customer on payment of a deposit
E. Generally suitable for sales of durable goods