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Commerce 2002 WAEC Past Questions

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16
Which of the following requires acceptances before it can be valid?
  • A. Promissory note
  • B. Bill of exchange
  • C. Letter of credit
  • D. Cheque
View Answer & Discuss WAEC 2002
17
A retail outlet meant to sell only a particular manufacturer's product known as a?
  • A. co-operative shop
  • B. chain store
  • C. department store
  • D. tied shop
View Answer & Discuss (1) WAEC 2002
18
Which of the following requires acceptance before it can be valid?
  • A. Promissory note
  • B. Bill of exchange
  • C. Letter of credit
  • D. Cheque
View Answer & Discuss WAEC 2002
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
19
In international trade the direct exchange of goods for goods is?
  • A. bilateral trade
  • B. counter trade
  • C. multi lateral trade
  • D. entrepot trade
View Answer & Discuss (2) WAEC 2002
20
Department store usually?
  • A. offers a wide variety goods
  • B. specialize in selling only household goods
  • C. offer a few line of goods
  • D. sell on cash on delivery basis
View Answer & Discuss WAEC 2002
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