Commerce 2016 Waec Past Questions and Answers

Question 41 :

• WAEC 2016

goods become the property of the buyer on the transfer of liability and possession without immediate payment under the?

A. Hire purchase agreement
B. Credit sales agreement
C. Auction sales agreement
D. Conditional sales agreement

Question 42 :

• WAEC 2016

the value at which one country obtains another country's currency is?

A. Terms of trade
B. Exchange rate
C. Bank rate
D. Terms of payment

Question 43 :

• WAEC 2016

specializing in the sale of one line of goods is the main feature of?

A. Supermarkets
B. Chain stores
C. Mail order firm
D. Mobile shops

Question 44 :

• WAEC 2016

one objective of the European Union is to?

A. Fight the guilty nations in time of war
B. Eliminate drug addiction among member countries
C. Eliminate all tariffs and quotas among member countries
D. Fight against child abuse in member countries

Question 45 :

• WAEC 2016

which of the following person is a part of a business internal environment

A. Employee
B. Supplier
C. Creditor
D. Customer