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Thursday, 12 November 2026
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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 971:
WAEC 1999
Which of the following is not a feature of a Department Store?
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  • A One-stop-shopping
  • B Deals in one line of goods
  • C Use of trolleys
  • D Convenient location
View Answer & Explanation
Question 972:
WAEC 1999
A major cost component of running a mail order firm is the
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  • A Printing of catalogues
  • B Paying salemen's salaries
  • C Renting shops
  • D Travelling expenses
View Answer & Explanation
Question 973:
WAEC 1999
A bill of exchange becomes negotiable when it is
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  • A Accepted
  • B Protested
  • C Dishonoured
  • D Discounted
View Answer & Explanation
Question 974:
WAEC 1999
What is the purpose of a debit note? To
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  • A Reduce the credit in the buyer's account
  • B Reduce the debit charged to an invoice
  • C Compensate for damaged goods returned
  • D Allow for rebate
View Answer & Explanation
Question 975:
WAEC 1999
Status enquiry is necessary when
SchoolNGR Classroom
  • A Goods are ordered from a mail order firm
  • B Money is withdrawn from a fixed deposit account
  • C Granting credit to a new customer
  • D Goods areproduced according to specification
View Answer & Explanation

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