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Commerce 1998 WAEC Past Questions

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16
An agreement to deliver goods in the future after payment of the final installment is known as?
  • A. credit sales
  • B. hire purchase
  • C. conditional sale
  • D. trade-in-sale
  • E. leasing
View Answer & Discuss (2) WAEC 1998
17
Which of the following is a pre-sales service to the consumer?
  • A. Installement of the product
  • B. Provision of credit facilities
  • C. Maintenance of product for a period of time
  • D. Transportation and delivery services
  • E. Acceptance of damaged goods
View Answer & Discuss WAEC 1998
18
Rate of stock turnover is calculated to determine
  • A. total volume of sales
  • B. number of times goods are bought and sold
  • C. number of times goods are counted
  • D. total value of goods in the store
  • E. the quality of goods sold
View Answer & Discuss WAEC 1998
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19
Which of the following is not a feature of hire purchase?
  • A. Customer pays initial deposit
  • B. Customer pays purchase price plus interest
  • C. Payment is by instalment
  • D. Ownership of goods passes to the customer on payment of a deposit
  • E. Generally suitable for sales of durable goods
View Answer & Discuss WAEC 1998
20
Which of the following is not connected with after-sales services?
  • A. Installment
  • B. Granting trade discount
  • C. Providing spare parts
  • D. Repairing of product
  • E. Replacing damaged goods
View Answer & Discuss WAEC 1998
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts