WAEC Past Questions and Answers - Page 430

2,146.

Paul considered himself unfit to be called an apostle because he

A.

Persecuted the church of God

B.

Was the least among the Jewish race

C.

Was timely born

D.

Became one through hardwork

E.

Did not know Jesus

Correct answer is A

No explanation has been provided for this answer.

2,147.

Who is liable for the contract entered into the agent on behalf of his principal? The

A.

agent

B.

principal

C.

agent and principal

D.

third party

E.

lawyer who drew up the agreement

Correct answer is B

No explanation has been provided for this answer.

2,148.

Net Profit is the?

A.

excess of income over expenses

B.

total income from the sale of goods

C.

difference between sales and purchases

D.

amount of purchasenless closing stock

E.

excess of total sales over total purchases

Correct answer is A

No explanation has been provided for this answer.

2,149.

Which of the following terms of price quotation includes cost of transportation to buyers premises?

A.

FOB

B.

C & F

C.

FOR

D.

FAS

E.

Exship

Correct answer is B

No explanation has been provided for this answer.

2,150.

Which of the following protects consumers against poor quality goods?

A.

Nigerian Chambers of Commerce

B.

Standards Organization of Nigeria

C.

Trade Association

D.

Manufacturers Association of Nigeria

E.

Nigerian National Supply Company

Correct answer is B

No explanation has been provided for this answer.