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Commerce
WAEC 1995
Commerce 1995 WAEC Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
History of Commerce
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ICT in Commerce
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ICT terms
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Business Environment and Social Responsibility
Types of environment
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Nationalisation, Indigenisation and Divestiture
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21
A retailer who receives a trade discount of 33‘/3% and a cash discount of 10% on goods worth N360 would pay?
A.
N240
B.
N226
C.
N216
D.
204
E.
120
View Answer & Discuss (1)
WAEC 1995
22
Which of the following documents is used when goods are sent on approval?
A.
Catalogue
B.
Delivery note
C.
Receipt
D.
Advice note
E.
Pro forma invoice
View Answer & Discuss
WAEC 1995
23
Terms of trade refers to?
A.
agreement between two trading countries
B.
conditions attached to specific trade transaction
C.
the relationship between export and import prices
D.
, the difference between the value imports and exports
E.
all payments made-to other countries and receipts from them
View Answer & Discuss
WAEC 1995
24
Another name for shares, stocks and debentures traded in the stock exchange is?
A.
collateral
B.
securities
C.
wares
D.
partcipating`preference shares
E.
cumulative preference shares
View Answer & Discuss
WAEC 1995
25
Which of the following belongs to the capital market?
A.
Commercial bank
B.
Savings bank
C.
Stock exchange
D.
Bureau de change
E.
Clearing house
View Answer & Discuss
WAEC 1995
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