Waec Commerce Past Questions and Answers

Question 2026:

• WAEC 2016

A clean bill of lading is so called because?

A. It shows record of damaged goods
B. It is not a stained bill
C. It is a document of authority
D. It shows no record of damaged goods

Question 2027:

• WAEC 2016

when an importer has been overcharged for goods supplied, the exporter issues him with a?

A. Debit note
B. Preforma invoice
C. Letter of credit
D. Credit note

Question 2028:

• WAEC 2016

fidelity guarantee insurance is a cover against loss arising from

A. Trade debt
B. Personal accident
C. Dishonest staff
D. Fire disaster

Question 2029:

• WAEC 2016

when a cheque is paid on a bank on which it is drawn, the cheque is

A. Discounted
B. Debited
C. Credited
D. Cleared

Question 2030:

• WAEC 2016

The process of buying, selling and distribution of goods and services is

A. Retail trade
B. Commerce
C. Marketing
D. Marketing concept