Waec Commerce Past Questions and Answers

Question 131:

• WAEC 1990

The law which stipulate that labels should give an accurate account of a product is the?

A. Price control act
B. Consumer credit act
C. Trade description act
D. Hire purchase act
E. Product standard act

Question 132:

• WAEC 1990

Which of the following is not an essential of a contract?

A. Offer and acceptance
B. Intention to create legal relations
C. All contracts written out
D. Legality of object
E. Consideration

Question 133:

• WAEC 1990

One advantage of personal selling is?

A. Low cost
B. Immediate feedback
C. The appeal to many people at a time
D. Self service
E. Speedy market coverage

Question 134:

• WAEC 1990

Charges paid by a for staying at at a port beyond agreed sailing time is called?

A. Profit
B. Interest
C. Holding
D. Carriage cost
E. Demurrage

Question 135:

• WAEC 1990

Entrepot Trade refers to?

A. Importing for domestic consumption
B. Importing for industrial use
C. Importing for government concerns
D. Exporting for factory use
E. Import for re-port