Waec Commerce 2007 Past Questions and Answers

Question 36:

• WAEC 2007

The content of a bill of lading does not include the

A. Name of the shipper
B. Date and place of shipment
C. Name and destination of the vessel
D. Demurrage payable

Question 37:

• WAEC 2007

Who is responsible for the payment of the bill in a documentary credit

A. Exporter
B. Importer
C. Importer's bank
D. Exporter's bank

Question 38:

• WAEC 2007

A popular product priced low to attract a larger number of buyers to a shop is called

A. Loss leader
B. Capital good
C. Seasonal good
D. Price ring

Question 39:

• WAEC 2007

Centralized buying and decentralized selling are features of

A. Cooperative wholesalers
B. Department stores
C. Mail order business
D. Multiple stores

Question 40:

• WAEC 2007

Which of the following is not a feature of a self-service store?

A. It is found mainly in urban areas
B. It offers steady employment opportunities
C. Goods carry price tags
D. It operates on a large floor space