Waec Commerce 2018 Past Questions and Answers

Question 16:

• WAEC 2018

which of the following features is not associated with a chamber of commerce? it is

A. Democratically administered
B. An independent association
C. Open only to entrepreneurs
D. A voluntary association

Question 17:

• WAEC 2018

The reason for sending a proforma invoice to a potential customer is that it is?

A. An indication of the seller's willingness to grant credit
B. A polite way of telling the customer to return the goods
C. An invitation to the buyer to buy on hire purchase
D. A polite way of refusing to sell on credit

Question 18:

• WAEC 2018

The insurance policy taken to cover dishonesty of account personnel of an organisation is?

A. Employers laibility
B. Fidelity guarantee
C. Life endowment
D. Marine insurance

Question 19:

• WAEC 2018

which of the following documents is used when goods are being sent by a common carrier

A. Delivery note
B. Consignment note
C. Advice note
D. Credit note

Question 20:

• WAEC 2018

A put option in the stock exchange is an option

A. To sell
B. Not to sell
C. To buy
D. Not to buy