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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1106:
A price quotation that covers the cost of goods and all other expenses incurred in delivering the goods to the buyer is called?
  • A CIF
  • B FAS
  • C Franco
  • D Loco
View Answer & Explanation
Question 1107:
An agent who takes possession of goods and sells in his own name is known as?
  • A A broker
  • B A del credere agent
  • C An auctioneer
  • D A factor
View Answer & Explanation
Question 1108:
An agent who takes possession of goods and sells in his own name is known as?
  • A A broker
  • B A del credere agent
  • C An auctioneer
  • D A factor
View Answer & Explanation
Question 1109:
The extra commission for pledging full settlement of the wholesaler to the manufacturer?
  • A Warehousing
  • B Quality Control
  • C Financing
  • D Bulk -breaking
View Answer & Explanation
Question 1110:
Which of the following is not used to correct adverse balance of payment?
  • A Increasing imports
  • B Increasing exports
  • C Decreasing import
  • D Devaluation
View Answer & Explanation