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Commerce 1996 WAEC Past Questions

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66
For which of the following reasons would a seller not issue a credit note to a customer? If
  • A. goods are undercharged
  • B. goods are damaged
  • C. bottles are returned
  • D. goods are overcharged
  • E. fewer goods are returned
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67
A statement of account is a
  • A. summary of goods sold to a customer for a particular item
  • B. note to inform the customer of an addition to his business transaction
  • C. standard letter sent to customers who have not settled their bills
  • D. statement of acceptance of credit facilities to a customer
  • E. summary of a customer's transactions over a given period
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68
Management is
  • A. getting things done through other people
  • B. the implementation of business decision
  • C. the number of levels in an organisation
  • D. made up the general manager and the employees
  • E. making goods available in places where they are needed
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69
The sum of money the assurer is prepared to pay the assured in total discharge of a contract before its maturity is
  • A. dividend
  • B. premium
  • C. annuity
  • D. surrender value
  • E. interest
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70
Which of the following services is not rendered by NIPOST
  • A. Express delivery
  • B. Recorded delivery
  • C. Parcel post
  • D. Telephone
  • E. Cash delivery
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