WAEC Past Questions and Answers - Page 151

751.

An agreement to deliver goods in the future after payment of the final installment is known as?

A.

credit sales

B.

hire purchase

C.

conditional sale

D.

trade-in-sale

E.

leasing

Correct answer is C

No explanation has been provided for this answer.

752.

Another name for a foreign order is

A.

consular invoice

B.

dock warrant

C.

standing order

D.

indent

E.

Pro forma invoice

Correct answer is D

No explanation has been provided for this answer.

753.

Which of the following is not a function of the Nigerian Airport Authority?

A.

Maintains the buildings and tarmac

B.

Collects airport taxes

C.

Controls movement of aircrafts

D.

Maintains all aircrafts in the country

E.

Maintains security

Correct answer is D

No explanation has been provided for this answer.

754.

Which of the following describes the marketing mix?

A.

Distribution, production policy, promotion, pricing policy

B.

Product planning, development , market research, price

C.

Product, Price, place, development

D.

Communication, advertising, pricing, promotion

E.

Advertising, pricing, development, communication

Correct answer is A

No explanation has been provided for this answer.

755.

A document issued to a buyer showing the quantity description and prices of goods bought is called

A.

a catalogue

B.

an invoice

C.

a price list

D.

an order

E.

an advice note

Correct answer is B

No explanation has been provided for this answer.