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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 131:

The law which stipulate that labels should give an accurate account of a product is the?

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A Price control act
B Consumer credit act
C Trade description act
D Hire purchase act
E Product standard act

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Question 132:

Which of the following is not an essential of a contract?

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A Offer and acceptance
B Intention to create legal relations
C All contracts written out
D Legality of object
E Consideration

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Question 133:

One advantage of personal selling is?

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A Low cost
B Immediate feedback
C The appeal to many people at a time
D Self service
E Speedy market coverage

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Question 134:

Charges paid by a for staying at at a port beyond agreed sailing time is called?

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A Profit
B Interest
C Holding
D Carriage cost
E Demurrage

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Question 135:

Entrepot Trade refers to?

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A Importing for domestic consumption
B Importing for industrial use
C Importing for government concerns
D Exporting for factory use
E Import for re-port

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