Search SchoolNGR

Commerce Past Questions and Answers

[share]

Waec Commerce Questions

Question 526:

30 Rate of turnover is the?

SchoolNGR Classroom

A Number of times opening stock is sold during a period
B Rate paid by retailers for their stocks
C Rate paid to agents forturning over their stock ata given period
D . number of times the stock is turned over
E Number of times average stock is sold during a period

View Answer & Explanation

Question 527:

A postal order, either crossed or open is only valid for a period of?

SchoolNGR Classroom

A 12 months
B 10 months
C 8 months
D 6 months
E 5 months

View Answer & Explanation

Question 528:

The process of taking over private business by government is known as?

SchoolNGR Classroom

A Naturalisation
B Nationalisation
C Privatisation
D Commercialisation
E Indigenisation

View Answer & Explanation

Question 529:

Which of the following is not the objective of Consumer Association? To

SchoolNGR Classroom

A Ensure that fair prices are charged
B Educate consumers on their rights
C Prevent fake goods from entering the market
D . prevail on the govemment to enact consumer protection laws
E . ensure correct specihcations as to quality of goods

View Answer & Explanation

Question 530:

Zaico Ltd invoiced goods valued at N80,000 to Victory Ltd for N8,000. Which of the following will Zaico Ltd send to Victory Ltd to correct the error?

SchoolNGR Classroom

A Consignment note
B Credit note
C Advice note
D Debit note
E Statement

View Answer & Explanation

Stay Updated

Follow us on:

Subjects