WAEC Commerce Past Questions & Answers - Page 207

1,031.

A merchant who wishes to order goods from a foreign country sends?

A.

an invoice

B.

an indent

C.

an advice note

D.

a credit note

Correct answer is B

No explanation has been provided for this answer.

1,032.

Which of the following is not a function of a retailer?

A.

Supplying goods to final consumers

B.

Bulk breaking

C.

Giving information to the wholesaler

D.

Branding and packaging of goods

Correct answer is D

No explanation has been provided for this answer.

1,033.

When a country's total visible and invisible exports are more than its visible and invisible imports, it has?

A.

favourable balance of payments

B.

favourable balance of trade

C.

unfavourable balance of trade

D.

unfavourable balance of payment

Correct answer is B

No explanation has been provided for this answer.

1,034.

A refund of the duty collected on goods imported and processed for re-export is?

A.

excise duty

B.

excise draw back

C.

preferential duty

D.

value added tax

Correct answer is B

No explanation has been provided for this answer.

1,035.

Which of the following is not contained in an advice note?

A.

Types of goods

B.

Price of goods

C.

Date of dispatch

D.

Means of dispatch

Correct answer is D

No explanation has been provided for this answer.