WAEC Past Questions and Answers - Page 87

431.

Which of the following goods has the lowest rate of turnover?

A.

Staple foods

B.

office stationery

C.

Refrigerator

D.

School exercise books

Correct answer is A

No explanation has been provided for this answer.

432.

When the public wants to buy more of a company's share than has been offered for sale, the share is said to be

A.

rights issue

B.

over subscribed

C.

qouted at a premium

D.

over-valued

Correct answer is B

No explanation has been provided for this answer.

434.

Which of the following is used only in international trade?

A.

Letter of inquiry

B.

Certificate of origin

C.

Pro-forma invoice

D.

Consignment note

Correct answer is A

No explanation has been provided for this answer.

435.

The price quotation where the buyer uses his own means to collect goods from the producer's warehouse is

A.

F.O.B

B.

ex-works

C.

F.A.S

D.

F.O.R

Correct answer is D

No explanation has been provided for this answer.