Commerce 2014 Waec Past Questions and Answers

Question 1 :

• WAEC 2014

A price quotation which includes all the expenses involved in loading the goods into a ship is

A. Free on Board (FOB)
B. Free Alongside Ship (FAS)
C. Cost, Insurance, Freight (C.I.F)
D. Ex-ship

Question 2 :

• WAEC 2014

A price quotation which includes all the expenses involved in loading the goods into a ship is

A. Free on Board (FOB)
B. Free Alongside Ship (FAS)
C. Cost, Insurance, Freight (C.I.F)
D. Ex-ship

Question 3 :

• WAEC 2014

Shares, bonds, stocks and debentures traded on the stock exchange are collectively called

A. Collaterals
B. Commodities
C. Resources
D. Securities

Question 4 :

• WAEC 2014

In a hire purchase contract, the customer becomes the legal owner of the goods by

A. Paying the last installment
B. Paying the first installment
C. Taking possession of the goods
D. Paying half the purchase price

Question 5 :

• WAEC 2014

Which of the following is engaged in commercial occupation?

A. A brick layer
B. An engineer
C. An insurance broker
D. A barber