WAEC Past Questions and Answers - Page 459

2,291.

A document sent to a customer at regular price intervals to enable him know his indebtedness to his supplier is known as?

A.

debit note

B.

invoice

C.

statement

D.

receipt

E.

consignment note

Correct answer is C

No explanation has been provided for this answer.

2,292.

That part of the money in circulation not backed by gold is known as?

A.

exchange equalization fund

B.

fiduciary issue

C.

note and coins

D.

ordinary note issue

E.

fictitious assets

Correct answer is B

No explanation has been provided for this answer.

2,293.

The system of parting with authority not responsibility is known as?

A.

controlling

B.

planning

C.

delegating

D.

movtivating

E.

co-ordinating

Correct answer is C

No explanation has been provided for this answer.

2,294.

The most important factor influencing the form of a business unit is?

A.

expansion possibities

B.

business intergrity

C.

the amount of capital value

D.

adequate number of skilled employees

E.

the number of competing firms in the industry

Correct answer is C

No explanation has been provided for this answer.

2,295.

Who among the following is NOT a middleman?

A.

a retailer

B.

broker

C.

factor

D.

consumer

E.

wholesaler

Correct answer is D

No explanation has been provided for this answer.