Waec Commerce Past Questions and Answers

Question 2206:

• WAEC 2020

A discount deducted from the invoice price of goods to enable the retailer to make profit is?

A. Cash discount
B. Functional discount
C. Trade discount
D. Seasonal discount

Question 2207:

• WAEC 2020

A document issued by the seller`s own courier and signed by the customer to acknowledge receipt of the goods is?

A. Advice note
B. Consignment note
C. Delivery note
D. Freight note

Question 2208:

• WAEC 2020

A request for goods from another country by an importer would be made using?

A. An invoice
B. An indent
C. An order
D. A quotation

Question 2209:

• WAEC 2020

The right to buy or sell stock exchange with a stipulated period is?

A. Option
B. Contango
C. Backwardation
D. Brokerage

Question 2210:

• WAEC 2020

The share value stated on a share certificate is?

A. Above par value
B. Below par value
C. Market value
D. Nominal value