WAEC Commerce Past Questions & Answers - Page 197

981.

Department store usually?

A.

offers a wide variety goods

B.

specialize in selling only household goods

C.

offer a few line of goods

D.

sell on cash on delivery basis

Correct answer is A

No explanation has been provided for this answer.

982.

In international trade the direct exchange of goods for goods is?

A.

bilateral trade

B.

counter trade

C.

multi lateral trade

D.

entrepot trade

Correct answer is B

No explanation has been provided for this answer.

983.

Which of the following requires acceptance before it can be valid?

A.

Promissory note

B.

Bill of exchange

C.

Letter of credit

D.

Cheque

Correct answer is B

No explanation has been provided for this answer.

984.

A retail outlet meant to sell only a particular manufacturer's product known as a?

A.

co-operative shop

B.

chain store

C.

department store

D.

tied shop

Correct answer is B

No explanation has been provided for this answer.

985.

Which of the following requires acceptances before it can be valid?

A.

Promissory note

B.

Bill of exchange

C.

Letter of credit

D.

Cheque

Correct answer is B

No explanation has been provided for this answer.