Waec Commerce 2001 Past Questions and Answers

Question 31:

• WAEC 2001

An agent who takes possession of goods and sells in his own name is known as?

A. A broker
B. A del credere agent
C. An auctioneer
D. A factor

Question 32:

• WAEC 2001

An agent who takes possession of goods and sells in his own name is known as?

A. A broker
B. A del credere agent
C. An auctioneer
D. A factor

Question 33:

• WAEC 2001

The extra commission for pledging full settlement of the wholesaler to the manufacturer?

A. Warehousing
B. Quality Control
C. Financing
D. Bulk -breaking

Question 34:

• WAEC 2001

Which of the following is not used to correct adverse balance of payment?

A. Increasing imports
B. Increasing exports
C. Decreasing import
D. Devaluation

Question 35:

• WAEC 2001

When a bill is paid before its date at a lesser value, it is?

A. Accepted
B. Discounted
C. Dishonoured
D. Retired