Commerce 2017 Waec Past Questions and Answers

Question 21 :

• WAEC 2017

The amount of capital used in the day-to-day running of a company is?

A. Working capital
B. Capital emplyed
C. Share capital
D. Fixed capital

Question 22 :

• WAEC 2017

an example of an invisible item of trade is?

A. Oil
B. Shipping
C. Machinery
D. Textile

Question 23 :

• WAEC 2017

in a hire purchase agreement, the buyer is the

A. Agent
B. Hirer
C. Lesse
D. Lessor

Question 24 :

• WAEC 2017

which of the following terms is not used in price qoutation for goods

A. E. & O,E
B. C.I.F
C. EX works
D. F.A.S

Question 25 :

• WAEC 2017

Mr ojo paid Noak the sum of N3,000 for a piece of land without signing a deed of sale. the lement of contract which is lacking is?

A. Valuable consideration
B. Formality
C. Offer and acceptance
D. Capacity