Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

Commerce 2012 WAEC Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
31

A percentage reduction from the quoted price of goods given to a buyer to encourage bulk purchase is called

  • A. cash discount
  • B. trade discount
  • C. commission
  • D. bonus
View Answer & Discuss (3) WAEC 2012
32

The difference between the cost price and selling price of an article is

  • A. commission
  • B. mark-up
  • C. rebate
  • D. discount
View Answer & Discuss WAEC 2012
33

A ceiling on the quantity of commodity to be imported into the country is called

  • A. ban
  • B. tariff
  • C. price limit
  • D. quota
View Answer & Discuss WAEC 2012
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
34

The buyer in a hire purchase contract becomes the legal owner of the goods by paying

  • A. initial deposit
  • B. the last installment
  • C. half of the purchase price
  • D. two-third of the purchase price
View Answer & Discuss (3) WAEC 2012
35

The document which helps in ascertaining the correct value of imports in order to assess the custom duty is

  • A. bill of lading
  • B. consular invoice
  • C. bill of sight
  • D. ships manifest
View Answer & Discuss (1) WAEC 2012
Start a Free Practice Test
 
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent