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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2206:
A discount deducted from the invoice price of goods to enable the retailer to make profit is?
  • A Cash discount
  • B Functional discount
  • C Trade discount
  • D Seasonal discount
View Answer & Explanation
Question 2207:
A document issued by the seller`s own courier and signed by the customer to acknowledge receipt of the goods is?
  • A Advice note
  • B Consignment note
  • C Delivery note
  • D Freight note
View Answer & Explanation
Question 2208:
A request for goods from another country by an importer would be made using?
  • A An invoice
  • B An indent
  • C An order
  • D A quotation
View Answer & Explanation
Question 2209:
The right to buy or sell stock exchange with a stipulated period is?
  • A Option
  • B Contango
  • C Backwardation
  • D Brokerage
View Answer & Explanation
Question 2210:
The share value stated on a share certificate is?
  • A Above par value
  • B Below par value
  • C Market value
  • D Nominal value
View Answer & Explanation