Waec Commerce 2014 Past Questions and Answers

Question 16:

• WAEC 2014

A firm that specializes in packing and shipping of goods is known as a

A. Forwarding agent
B. General agent
C. Del credere agent
D. Cargo handling company

Question 17:

• WAEC 2014

Which of the following is a function of marketing department in a firm?

A. Add value to goods and services
B. Protect those who engage in business transactions
C. Initiate general policies in the organization
D. Handle all staff masters in the system

Question 18:

• WAEC 2014

An individual or company that engages in the transportation of any type of goods for a fee is called a

A. Common carrier
B. Hawker
C. Porter
D. Clearing agent

Question 19:

• WAEC 2014

Debentures which are secured by the fixed assets of a company are called

A. Mortgaged Debenture
B. Naked Debenture
C. Redeemable debenture
D. Irredeemable Debenturs

Question 20:

• WAEC 2014

The central bank sometimes calls for special deposits from the commercial banks in order to

A. Reduce bank lending
B. Increase bank lending
C. Withraw defaced currencies
D. Issue notes and coins