WAEC Commerce Past Questions & Answers - Page 233

1,161.

30 Rate of turnover is the?

A.

number of times opening stock is sold during a period

B.

rate paid by retailers for their stocks

C.

rate paid to agents forturning over their stock ata given period

D.

number of times the stock is turned over

E.

number of times average stock is sold during a period

Correct answer is D

No explanation has been provided for this answer.

1,162.

The storing of goods under proper conditions until they are required is a function of?

A.

stock taking

B.

warehousing

C.

stock control

D.

merchandising

E.

blending

Correct answer is B

No explanation has been provided for this answer.

1,163.

Who among the following is not a commercial occupation?

A.

A stoke broker

B.

An engineer

C.

A banker

D.

A common carrier

E.

An advertising agent

Correct answer is B

No explanation has been provided for this answer.

1,164.

The two main branches of trade are?

A.

commerce and aids to trade

B.

home and foreign trade

C.

foreign and entrepot trade

D.

wholesale and retail trade

E.

visible and invisible trade

Correct answer is B

No explanation has been provided for this answer.

1,165.

Commerce is concerned mainly with the?

A.

production of goods and services

B.

distribution of goods and services

C.

consumption of goods and services

D.

storing of goods

E.

advertising of goods and services

Correct answer is B

No explanation has been provided for this answer.