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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 696:

A document signed by a customs officer of the exporting country to confirm the country of export of the goods is

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A An export invoice
B A consular invoice
C A certificate of origin
D A letter of hypothecation
E A bill of laden

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Question 697:

For which of the following reasons would a seller not issue a credit note to a customer? If

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A Goods are undercharged
B Goods are damaged
C Bottles are returned
D Goods are overcharged
E Fewer goods are returned

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Question 698:

A statement of account is a

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A Summary of goods sold to a customer for a particular item
B Note to inform the customer of an addition to his business transaction
C Standard letter sent to customers who have not settled their bills
D Statement of acceptance of credit facilities to a customer
E Summary of a customer's transactions over a given period

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Question 699:

Management is

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A Getting things done through other people
B The implementation of business decision
C The number of levels in an organisation
D Made up the general manager and the employees
E Making goods available in places where they are needed

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Question 700:

The sum of money the assurer is prepared to pay the assured in total discharge of a contract before its maturity is

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A Dividend
B Premium
C Annuity
D Surrender value
E Interest

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