Commerce 2020 Waec Past Questions and Answers

Question 11 :

• WAEC 2020

One advantage of small scale retail outlet is?

A. Availability of self service facilities
B. Ability to buy in bulk
C. Easy access to large amount of capital
D. Personal attention to customers

Question 12 :

• WAEC 2020

A discount deducted from the invoice price of goods to enable the retailer to make profit is?

A. Cash discount
B. Functional discount
C. Trade discount
D. Seasonal discount

Question 13 :

• WAEC 2020

A document issued by the seller`s own courier and signed by the customer to acknowledge receipt of the goods is?

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

Question 14 :

• WAEC 2020

A request for goods from another country by an importer would be made using?

A. An invoice
B. An indent
C. An order
D. A quotation

Question 15 :

• WAEC 2020

The right to buy or sell stock exchange with a stipulated period is?

A. Option
B. Contango
C. Backwardation
D. Brokerage