Waec Commerce 2012 Past Questions and Answers

Question 36:

• WAEC 2012

The buyer in a hire purchase contract becomes the legal owner of the goods by paying

A. Initial deposit
B. The last installment
C. Half of the purchase price
D. Two-third of the purchase price

Question 37:

• WAEC 2012

The document which helps in ascertaining the correct value of imports in order to assess the custom duty is

A. Bill of lading
B. Consular invoice
C. Bill of sight
D. Ships manifest

Question 38:

• WAEC 2012

The combination of product, price, promotion and distribution decisions employed by a company is referred to as

A. Pricing policy
B. Marketing mix
C. Product mix
D. Marketing concept

Question 39:

• WAEC 2012

The document which specifies the manufacturer from whom goods are to be imported is

A. Closed indent
B. Open indent
C. Export invoice
D. Consignment note

Question 40:

• WAEC 2012

Who among the following generally has no capacity to enter into a valid contract

A. School principals
B. Infants
C. Agents
D. Religious ministers