WAEC Commerce Past Questions & Answers - Page 94

466.

Which of the following is the correct sequence in which the following documents are used?

A.

Order, delivery note, debit note, invoice, statement

B.

Order, advice note, debit note,invoice,statement

C.

Order, statement, delivery note, invoice, debit note

D.

Order, delivery note, invoice, debit note, statement

Correct answer is D

No explanation has been provided for this answer.

467.

A seller quoting his goods loco price means that

A.

all charges are borne by the seller

B.

all charges are borne by the buyer

C.

the seller pays carriage as far as the buyers warehouse

D.

the price includes cost, insurance and freight

Correct answer is D

No explanation has been provided for this answer.

468.

Which of the following is not suitable for hire purchase?

A.

Textiles

B.

Furniture

C.

Refrigerators

D.

Printing machine

Correct answer is A

No explanation has been provided for this answer.

469.

Terms of trade is the

A.

rate at which the central bank discounts first class bills

B.

rate at which a country's exports exchange for its imports

C.

expected rate of returns on an investment

D.

rate of payment for goods and services purchased

Correct answer is C

No explanation has been provided for this answer.

470.

Which of the following is a feature peculiar multiple shops?

A.

Central Location

B.

Self Service

C.

Central Buying

D.

One stop shopping

Correct answer is C

No explanation has been provided for this answer.