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Commerce 2001 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
26
All human efforts geared towards the production of goods and services is?
  • A. entrepreneurship
  • B. labour
  • C. capital
  • D. occupation
View Answer & Discuss WAEC 2001
27
Which of the following abbreviations indicates that the seller reverse the right to correct errors on the invoice
  • A. E & O.E
  • B. C.I.F
  • C. C.O.D
  • D. C.W.O
View Answer & Discuss WAEC 2001
28
A document from a seller which corrects an under-charge on a buyer's account is known as?
  • A. proforma invoice
  • B. credit note
  • C. debit note
  • D. statement of account
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
29

A price quotation that covers the cost of goods and all other expenses incurred in delivering the goods to the buyer is called?

  • A. CIF
  • B. FAS
  • C. Franco
  • D. Loco
View Answer & Discuss (1) WAEC 2001
30

An agent who takes possession of goods and sells in his own name is known as?

  • A. a broker
  • B. a del credere agent
  • C. an auctioneer
  • D. a factor
View Answer & Discuss (2) WAEC 2001
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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