Waec Commerce Past Questions and Answers

Question 1721:

• WAEC 2011

The reward received by a party in a contract agreement is known as

A. Consideration
B. Acceptance
C. Offer
D. Warranty

Question 1722:

• WAEC 2011

Payment to a ship owner for carrying one's cargo is

A. Demurrage
B. Fare
C. Dock due
D. Freight

Question 1723:

• WAEC 2011

Which of the following is not pre-sale service?

A. Repair and maintenance work
B. Providing detailed information about the goods to be purchased
C. Demonstrating the use and performance of the products to be sold
D. Setting up facilities for storing the product to be bought

Question 1724:

• WAEC 2011

Which of the following is used to inform the addressee that he has a registered parcel for collection?

A. Counterfoil
B. Express label
C. Slip
D. Telegram

Question 1725:

• WAEC 2011

The co-operative society that performs a combination of the functions of other types of cooperatives is called

A. Consumer cooperative
B. Multipurpose cooperative
C. Producer cooperative
D. Thrift and credit cooperative