Waec Commerce Past Questions and Answers

Question 526:

• WAEC 1994

30 Rate of turnover is the?

A. Number of times opening stock is sold during a period
B. Rate paid by retailers for their stocks
C. Rate paid to agents forturning over their stock ata given period
D. . number of times the stock is turned over
E. Number of times average stock is sold during a period

Question 527:

• WAEC 1994

A postal order, either crossed or open is only valid for a period of?

A. 12 months
B. 10 months
C. 8 months
D. 6 months
E. 5 months

Question 528:

• WAEC 1994

The process of taking over private business by government is known as?

A. Naturalisation
B. Nationalisation
C. Privatisation
D. Commercialisation
E. Indigenisation

Question 529:

• WAEC 1994

Which of the following is not the objective of Consumer Association? To

A. Ensure that fair prices are charged
B. Educate consumers on their rights
C. Prevent fake goods from entering the market
D. . prevail on the govemment to enact consumer protection laws
E. . ensure correct specihcations as to quality of goods

Question 530:

• WAEC 1994

Zaico Ltd invoiced goods valued at N80,000 to Victory Ltd for N8,000. Which of the following will Zaico Ltd send to Victory Ltd to correct the error?

A. Consignment note
B. Credit note
C. Advice note
D. Debit note
E. Statement