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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 2141:

which of the following features is not associated with a chamber of commerce? it is

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A Democratically administered
B An independent association
C Open only to entrepreneurs
D A voluntary association

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Question 2142:

The reason for sending a proforma invoice to a potential customer is that it is?

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A An indication of the seller's willingness to grant credit
B A polite way of telling the customer to return the goods
C An invitation to the buyer to buy on hire purchase
D A polite way of refusing to sell on credit

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Question 2143:

The insurance policy taken to cover dishonesty of account personnel of an organisation is?

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A Employers laibility
B Fidelity guarantee
C Life endowment
D Marine insurance

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Question 2144:

which of the following documents is used when goods are being sent by a common carrier

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A Delivery note
B Consignment note
C Advice note
D Credit note

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Question 2145:

A put option in the stock exchange is an option

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A To sell
B Not to sell
C To buy
D Not to buy

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