WAEC Commerce Past Questions & Answers - Page 66

326.

Information requested from a bank concerning the credit worthiness of a new customer to a business is

A.

private enquiry

B.

status enquiry

C.

general enquiry

D.

letter of enquiry

Correct answer is C

No explanation has been provided for this answer.

327.

Which of the following is mostly used by a mail order business to sell goods

A.

Posters

B.

Catalogues

C.

Journals

D.

Magazines

Correct answer is B

No explanation has been provided for this answer.

328.

A refund of the duty collected on goods imported into a country which are later re-exported is called

A.

excise duty

B.

ad valorem tax

C.

customs drawback

D.

demurrage

Correct answer is C

No explanation has been provided for this answer.

329.

Okoni and Co. law chamber is an example of a

A.

sole proprietorship

B.

partnership

C.

co-operative society

D.

public limited company

Correct answer is B

No explanation has been provided for this answer.

330.

A firm that accepts, sells and delivers goods by post is a

A.

supermarket

B.

multiple store

C.

department store

D.

mail order business

Correct answer is D

No explanation has been provided for this answer.