Waec Commerce 2011 Past Questions and Answers

Question 11:

• WAEC 2011

The last link in the channel of distribution is the

A. Retailer
B. Consumer
C. Wholesaler
D. Producer

Question 12:

• WAEC 2011

Taxes on imported foreign goods are also known as

A. Excise duties
B. Tariffs
C. Ad valorem taxes
D. Dock dues

Question 13:

• WAEC 2011

If Karamo who lives in The Gambia imports goods from Senegal and later sells them in Guinea Bissau; Karamo is engaged in

A. Multi-lateral trade
B. Counter trade
C. Barter trade
D. Entrepot trade

Question 14:

• WAEC 2011

Manufacturers may sell goods directly to consumers where goods are i. made to customer's specification ii. advertised by the manufacturer iii. perishable iv. highly technical v. widely demanded

A. I,iii and iv only
B. I and iii only
C. Iii,iv and v only
D. Iii and iv only

Question 15:

• WAEC 2011

Which of the following is a means of payment?

A. I.O.U
B. Postal order
C. Promissory note
D. C.I.F