WAEC Commerce Past Questions & Answers - Page 208

1,036.

A consignment note is used when?

A.

goods are wrapped and labelled for easy identification

B.

goods are dispatched to agent through transporters

C.

damaged goods are being returned

D.

there is over-invoicing

Correct answer is B

No explanation has been provided for this answer.

1,037.

A retail outlet which sells a fairly narrow range of goods with a number of branches in different towns is a?

A.

supermarket

B.

mail-order shop

C.

mobile shop

D.

multiple shop

Correct answer is A

No explanation has been provided for this answer.

1,038.

A debenture is mortgaged when it is?

A.

not secured on the the assets of a company

B.

Secured on the assets of a company

C.

irredeemable

D.

redeemable

Correct answer is C

No explanation has been provided for this answer.

1,039.

The total value of fixed and current assets is?

A.

working capital

B.

capital employed

C.

fixed capital

D.

capital owned

Correct answer is B

No explanation has been provided for this answer.

1,040.

The coming together of two or more firms at different stages of production is?

A.

horizontal merger

B.

vertical merger

C.

amalgamation

D.

cartel

Correct answer is C

No explanation has been provided for this answer.