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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 856:

Another name for a foreign order is

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A Consular invoice
B Dock warrant
C Standing order
D Indent
E Pro forma invoice

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Question 857:

An agreement to deliver goods in the future after payment of the final installment is known as?

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A Credit sales
B Hire purchase
C Conditional sale
D Trade-in-sale
E Leasing

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Question 858:

Which of the following is a pre-sales service to the consumer?

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A Installement of the product
B Provision of credit facilities
C Maintenance of product for a period of time
D Transportation and delivery services
E Acceptance of damaged goods

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Question 859:

Rate of stock turnover is calculated to determine

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A Total volume of sales
B Number of times goods are bought and sold
C Number of times goods are counted
D Total value of goods in the store
E The quality of goods sold

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Question 860:

Which of the following is not a feature of hire purchase?

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A Customer pays initial deposit
B Customer pays purchase price plus interest
C Payment is by instalment
D Ownership of goods passes to the customer on payment of a deposit
E Generally suitable for sales of durable goods

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