WAEC Commerce Past Questions & Answers - Page 211

1,051.

The term "21/4%40 days"refers to?

A.

mark-up

B.

trade discount

C.

cash discount

D.

value added tax

Correct answer is B

No explanation has been provided for this answer.

1,052.

Which of the following is a function of a warehouse?

A.

Stabilizing prices

B.

Increasing competition

C.

Stimulating demand

D.

Controlling quality

Correct answer is A

No explanation has been provided for this answer.

1,053.

Which of the following is not feature of a department store?

A.

Located at the centre of the city

B.

Bulk buying

C.

Attractive layout

D.

Seling one line of goods

Correct answer is D

No explanation has been provided for this answer.

1,054.

A specially designed container to convey crude oil or liquid from another location to another is a?

A.

launche

B.

tanker

C.

ferry

D.

coaster

Correct answer is B

No explanation has been provided for this answer.

1,055.

The portion authorized capital made available to the public for subscription is?

A.

called-up capital

B.

paid-up capital

C.

call in arrears

D.

issued capital

Correct answer is D

No explanation has been provided for this answer.