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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1291:

Which of the following abbreviations permits the seller to correct any error in an invoice?

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A F.O.R
B C.I.F
C C.E % O.E
D I.O.U

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Question 1292:

C % F as a price quotation in foreign trade means that the buyer

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A Is responsible for clearing and forwarding the goods
B Has to pay for cost and freight
C Pays for both the freight and insurance
D Pays for insurance only

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Question 1293:

A bill of exchange is made more negotiable if it has been

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A Endorsed
B Accepted
C Honoured instantly
D Given special crossing

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Question 1294:

A bill of exchange is made up more negotiable if it has been

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A Endorsed
B Accepted
C Honoured instantly
D Given special crossing

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Question 1295:

The primary objective of insurance is to

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A Prevent accidents
B Meet uncertainties in future
C Give loan to business men
D Control the flow of cash

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