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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 781:

The difference between the total amount owed to a country and the total amount owed by it is

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A Trade surplus
B Terms of trade
C Trade gap
D Balance of trade
E Balance of payments

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Question 782:

Which of the following is not true of branding?

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A Facilitates identification of goods
B Leads to increased sales and deeper loyalty
C Makes market segmentation easier
D Encourages pilfering
E Facilitates advertising

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Question 783:

Which of the following is a disadvantage of air transport?

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A High speed
B Less risk
C High cost
D Moves on schedule
E Conveys perishable goods

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Question 784:

Which of the following is not a characteristic of Charter party?

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A It is a contract for carriage by sea
B Its document shows freight charges and destination
C There are time, voyage and charter by demise
D The whole or part of a ship is leased
E An association of ship owners

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Question 785:

Which of the following is issued to the exporter or his agent when the goods has been loaded in the ship?

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A Bill of exchange
B Mate's reciept
C Ship's manifest
D Bill of sight
E Customs declaration form

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