Waec Commerce Past Questions and Answers

Question 546:

• WAEC 1994

A cheque that is drawn on a bank is called?

A. Certified cheque
B. Bankdraft
C. Bank note
D. Order cheque
E. Bearer cheque

Question 547:

• WAEC 1994

The rebate given to the retailer by the wholesaler to enable him make profit is known as?

A. Trade discount
B. Cash discount
C. Credit guarantee
D. Commission
E. Mark-up

Question 548:

• WAEC 1994

Who among the following is not involved in foreign trade?

A. Factor
B. Dei Credere Agent
C. Wholesale Merchant
D. Jobber
E. Forwarding Agent

Question 549:

• WAEC 1994

The giving of clear instructions and information to all concerned in an organisation to ensure proper understanding of decisions and policies is?

A. Organizsing
B. Planning
C. Communicating
D. Directing
E. Coordinating

Question 550:

• WAEC 1994

Which of the following belongs to the capital market?

A. Commercial bank
B. Stock exchange
C. Ministry of Finance
D. Chamber of Commerce
E. Discount House