WAEC Commerce Past Questions & Answers - Page 209

1,041.

Which of the following is not a source of finance to a sole proprietor?

A.

Trade Credit

B.

Overdrafts

C.

Debentures

D.

Leasing of equipment

Correct answer is D

No explanation has been provided for this answer.

1,042.

Which of the following can be defined as trade and aids to trade?

A.

Advertising

B.

Commerce

C.

Wholesaling

D.

Retailing

Correct answer is B

No explanation has been provided for this answer.

1,043.

Which of the following is a means of payment to persons abroad through the post office?

A.

Postal order

B.

Cheque

C.

bank draft

D.

Telegraphic money order

Correct answer is D

No explanation has been provided for this answer.

1,044.

The law by which the seller transfers the property in goods to the buyer at an agreed price is the?

A.

Hire purchase Act

B.

Trade Description Act

C.

Foods and Drugs Act

D.

Sale of Good Act

Correct answer is A

No explanation has been provided for this answer.

1,045.

A speculator on the stock exchange market who sells securities for the fear of a fall in their prices is called?

A.

a bull

B.

a bear

C.

a stag

D.

an underwriter

Correct answer is B

No explanation has been provided for this answer.