Search SchoolNGR

Commerce Past Questions and Answers

[share]

Waec Commerce Questions

Question 786:

A common carrier is

SchoolNGR Classroom

A A car hire company
B One who engages in the transportation of passengers only
C An apprentice who helps his master to carry goods
D A dealer in various brands of vehicles
E One who engages in the transportation of goods and passengers for a fee

View Answer & Explanation

Question 787:

The cost of goods sold divided by the average stock held during a trading period gives the

SchoolNGR Classroom

A Gross profit
B Net profit
C Net sales
D Rate of stock turnover
E Sum of the opening and closing stock

View Answer & Explanation

Question 788:

An organized market for securities is called

SchoolNGR Classroom

A Money Market
B Future Market
C Stock Exchange Market
D Spot Market
E Hyper Market

View Answer & Explanation

Question 789:

A carton of spoons valued at #3,000.00 was invoiced at #300 only. Which of the following documents would be used by the seller to correct the error?

SchoolNGR Classroom

A A credit note for #3,300.00
B A debit note for #3000.00
C A credit note for #2,700.00
D An invoice for #300.00
E A debit note for #2,700.00

View Answer & Explanation

Question 790:

Which of the following is not a means by which banks facilitate foreign trade?

SchoolNGR Classroom

A Currency exchange
B Letter of credit
C Open market operations
D Discounting Bills of exchange
E Trade reference

View Answer & Explanation

Stay Updated

Follow us on:

Subjects