Waec Commerce 2002 Past Questions and Answers

Question 21:

• WAEC 2002

Department store usually?

A. Offers a wide variety goods
B. Specialize in selling only household goods
C. Offer a few line of goods
D. Sell on cash on delivery basis

Question 22:

• WAEC 2002

An agreement by which a buyer pays instalmentally but does until final settlement is made is?

A. Hire purchase
B. Deferred payment
C. Conditional sale
D. Features trading

Question 23:

• WAEC 2002

Which of the following is sent by a customer who wishes to know the price, quality and terms of sale of a product?

A. Quotation
B. Letter of Enquiry
C. Proforma invoice
D. Advice note

Question 24:

• WAEC 2002

The trade document signed by a representative of the country to which is not discounted is also the?

A. Consular invoice
B. Certificate invoice
C. Consignment invoice
D. Proforma invoice

Question 25:

• WAEC 2002

The drawer of a bill of exchange which is not discount is also the?

A. 30 days
B. 2months
C. 6 months
D. 12 months