Waec Commerce Past Questions and Answers

Question 1896:

• WAEC 2014

A price quotation which includes all the expenses involved in loading the goods into a ship is

A. Free on Board (FOB)
B. Free Alongside Ship (FAS)
C. Cost, Insurance, Freight (C.I.F)
D. Ex-ship

Question 1897:

• WAEC 2014

Shares, bonds, stocks and debentures traded on the stock exchange are collectively called

A. Collaterals
B. Commodities
C. Resources
D. Securities

Question 1898:

• WAEC 2014

In a hire purchase contract, the customer becomes the legal owner of the goods by

A. Paying the last installment
B. Paying the first installment
C. Taking possession of the goods
D. Paying half the purchase price

Question 1899:

• WAEC 2014

Which of the following is engaged in commercial occupation?

A. A brick layer
B. An engineer
C. An insurance broker
D. A barber

Question 1900:

• WAEC 2014

"Net 3 months" on an invoice means the buyer will

A. Pay interest after 3 months
B. Gets discount if he pays within 3 months
C. Pay full invoice amount after 3 months
D. Have discount if he pays after 3 months