Commerce 2008 WAEC Past Questions

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The process of making goods attractive and easy to handle is

A. branding
B. merchandising
C. packaging
D. labelling

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The charges imposed by the government on locally manufactured goods is called

A. customs duties
B. excise duties
C. tariffs
D. quota

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A grocer invoiced a carton of fish valued at #2,500 for #2,000 only. To correct the error, which of the following documents will be sent to the buyer?

A. Credit note for #500.00
B. Debit note for #500.00
C. Credit note for #2,500.00
D. Debit note for #2,500.00

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The exchange of goods and services among many countries is

A. multilateral trade
B. bilateral trade
C. counter trade
D. entrepot trade

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If a ship overstays its stipulated time at a port, it pays a charge known as

A. arbitrage
B. demurrage
C. dock due
D. toll

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