WAEC Commerce Past Questions & Answers - Page 206

1,026.

Which of the following is not a means of payment in foreign trade?

A.

Telegraphic money order

B.

Specially crossed cheque

C.

Letters of credit

D.

Debit transfer

Correct answer is B

No explanation has been provided for this answer.

1,027.

Which of the following refers to a price reduction based on the size of order?

A.

Cash account

B.

Trader discount

C.

Seasonal discount

D.

Cash on discount

Correct answer is B

No explanation has been provided for this answer.

1,028.

The abbreviation phrase E & OE is usually printed on?

A.

an invoice

B.

a cheque

C.

a delivery note

D.

a debit note

Correct answer is A

No explanation has been provided for this answer.

1,029.

Which of the following is sent in reply to a letter of enquiry?

A.

Quotation

B.

Order

C.

Consumer invoice

D.

Advice note

Correct answer is A

No explanation has been provided for this answer.

1,030.

The production of good in anticipation of demand is possible because of the existence of?

A.

packaging

B.

advertising

C.

warehousing

D.

branding

Correct answer is C

No explanation has been provided for this answer.