Waec Commerce Past Questions and Answers

Question 356:

• WAEC 1992

The difference between cost and selling prices gives?

A. Trading account
B. Net profit/loss
C. Gross profit or loss
D. Appropriation `
E. Balance sheet

Question 357:

• WAEC 1992

Which of the following is the quickest and most accurate means id communication?

A. Telegram
B. Express mail
C. Courier service
D. Telex
E. Railex

Question 358:

• WAEC 1992

A sales agreement whereby the buyer takes possession but not title to goods is called?

A. Mortgage
B. Auction sale
C. Deferred payment
D. Hire purchase
E. Warranty

Question 359:

• WAEC 1992

Any paid form of non-presentation of goods services by an identified sponsor is known as?

A. Merchandising
B. Advertising
C. Publicity
D. Public relations
E. Sales promotion

Question 360:

• WAEC 1992

The document issued to a lender under a company's seal acknowledging a debt is called?

A. Stock
B. Share
C. Dividend warrant
D. Debenture
E. Mortgage