Waec Commerce 2007 Past Questions and Answers

Question 61:

• WAEC 2007

A document showing that a person has shipped certain goods through a named ship is

A. Bill of lading
B. Bill of exchange
C. Dock warrant
D. Bill of entry

Question 62:

• WAEC 2007

(a) Explain six functions of wholesalers to manufacturers
(b) State four problems that a cooperative society may likely face.

Question 63:

• WAEC 2007

(a) Explain five advantages of large scale retailing
(b) State five characteristics of each of the following:
(i) Department Stores
(ii) Supermarkets.

Question 64:

• WAEC 2007

(a) What is balance of payments?
(b) List and explain six methods used in correcting an adverse balance of payment.

Question 65:

• WAEC 2007

Differentiate between the following paired terms:
(a) Trade discount and cash discount
(b) Branding and packaging
(c) Indemnity and compensation
(d) cash receipt and invoice
(e) Credit sales and hire purchase.