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WAEC 1993
Commerce 1993 WAEC Past Questions
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Introduction to Commerce
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Business Environment and Social Responsibility
Types of environment
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Nationalisation, Indigenisation and Divestiture
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56
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
View Answer & Discuss
WAEC 1993
57
Which of the following is the safest means of sending a postal order from Lagos to a friend in Jos?
A.
Registered letter
B.
Recorded delivery
C.
Railex
D.
First class mail
E.
Express mail
View Answer & Discuss
WAEC 1993
58
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
View Answer & Discuss (1)
WAEC 1993
59
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
View Answer & Discuss
WAEC 1993
60
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
View Answer & Discuss
WAEC 1993
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