Waec Commerce 2013 Past Questions and Answers

Question 1:

• WAEC 2013

A document used as a polite way of refusing credit is

A. Advice note
B. Quotation
C. Proforma invoice
D. Invoice

Question 2:

• WAEC 2013

A document used as a polite way of refusing credit is

A. Advice note
B. Quotation
C. Proforma invoice
D. Invoice

Question 3:

• WAEC 2013

Carriage forward on an invoice means

A. Carriage will be paid next time
B. Carriage will be paid by seller
C. Carriage will be paid by buyer
D. Carriage has been paid

Question 4:

• WAEC 2013

Which of the following will be suitable for hire purchase sale?

A. Shares
B. Refrigerator
C. Shoes
D. Textile

Question 5:

• WAEC 2013

A person who earns extra commission for guaranteeing debts is a

A. Factor
B. Broker
C. Commission agent
D. Del-credere agent