Waec Commerce 2008 Past Questions and Answers

Question 21:

• WAEC 2008

Which of the following cannot be used to regulate importation?

A. Import quota
B. Import license
C. Imposition of embargo
D. Increase of excise duty

Question 22:

• WAEC 2008

A firm that accepts, sells and delivers goods by post is a

A. Supermarket
B. Multiple store
C. Department store
D. Mail order business

Question 23:

• WAEC 2008

Okoni and Co. law chamber is an example of a

A. Sole proprietorship
B. Partnership
C. Co-operative society
D. Public limited company

Question 24:

• WAEC 2008

A refund of the duty collected on goods imported into a country which are later re-exported is called

A. Excise duty
B. Ad valorem tax
C. Customs drawback
D. Demurrage

Question 25:

• WAEC 2008

Which of the following is mostly used by a mail order business to sell goods

A. Posters
B. Catalogues
C. Journals
D. Magazines