Waec Commerce 2001 Past Questions and Answers

Question 6:

• WAEC 2001

The number of times the average stock of a business is sold within a given period is?

A. Turnover
B. Rate of turnover
C. Sales return
D. Current ratio

Question 7:

• WAEC 2001

Branding is an aspect of marketing mix associated with?

A. Price
B. Product
C. Place
D. Distribution

Question 8:

• WAEC 2001

Which of the following business must have at least one member with unlimited liability?

A. Limited liability company
B. Limited partnership
C. Nominal partnership
D. Public eneterprises

Question 9:

• WAEC 2001

Which of the following is a feature of sole proprietorship?

A. Issue of shares
B. Limited liability
C. Limited capital
D. Legal entity

Question 10:

• WAEC 2001

Which of the following is most appropriate for a "Cash with order" terms of sale?

A. Proforma invoice
B. Credit note
C. Debit note
D. Consignment note