Waec Commerce Past Questions and Answers

Question 336:

• WAEC 1992

Which of the following abbreviations permit the drawer of a document to correct any errors therein?

A. V. A. T
B. C. I. F
C. E. O. E
D. I. O. U
E. C. W. O

Question 337:

• WAEC 1992

The most important function of the retailer is to?

A. Sell goods on credit
B. Operates on weekends and public holidays
C. Make goods available in units
D. Buy from wholesalers
E. Operate at convenient places

Question 338:

• WAEC 1992

A trade agreement in which two countries exchange goods and services is known as?

A. Export trade
B. Bilateral trade
C. Multilateral trade
D. Entrepot trade
E. Barter trade

Question 339:

• WAEC 1992

A term embracing buying, selling and distributing of goods and services is known as?

A. Wholesale trade
B. Retail trade
C. Commerce
D. Market mix
E. Marketing concept

Question 340:

• WAEC 1992

UTC, kingsway Stores and Leventis Stores are typical examples of?

A. Telephone
B. Recorded delivery
C. Telex
D. Express mail
E. Bill of lading