Waec Commerce Past Questions and Answers

Question 541:

• WAEC 1994

When the exporter arranges for the dispatch of goods but leaves the cost of transport to be paid by the importer, the price quoted is?

A. Carriage forward
B. Franco
C. Loco
D. Free on board
E. A free alongside ship

Question 542:

• WAEC 1994

The practice of selling goods in foreign countries at lower prices than obtainable in the exporting country is known as?

A. Hedging
B. Black market
C. Dumping
D. Speculation
E. Speculation

Question 543:

• WAEC 1994

The process of entrusting part of the work of a superior and the corresponding authority to a subordinate in an
organisation is called?

A. Delegation
B. Deputising
C. Coordinating
D. Supervision
E. Motivation

Question 544:

• WAEC 1994

Which of the following is not considered by banks when granting loans to customers?

A. Character ofthe customer
B. Amount needed
C. Period of repayment
D. Amount of interest payable
E. Purpose of the loan

Question 545:

• WAEC 1994

Which of the following is not considered by banks when granting loans to customers?

A. Character ofthe customer
B. Amount needed
C. Period of repayment
D. Amount of interest payable
E. Purpose of the loan