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Commerce 2016 WAEC Past Questions

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16

A clean bill of lading is so called because?

  • A. it shows record of damaged goods
  • B. it is not a stained bill
  • C. it is a document of authority
  • D. it shows no record of damaged goods
View Answer & Discuss WAEC 2016
17

when an importer has been overcharged for goods supplied, the exporter issues him with a?

  • A. debit note
  • B. preforma invoice
  • C. letter of credit
  • D. credit note
View Answer & Discuss WAEC 2016
18

fidelity guarantee insurance is a cover against loss arising from

  • A. trade debt
  • B. personal accident
  • C. dishonest staff
  • D. fire disaster
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19

when a cheque is paid on a bank on which it is drawn, the cheque is

  • A. discounted
  • B. debited
  • C. credited
  • D. cleared
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20

The process of buying, selling and distribution of goods and services is

  • A. retail trade
  • B. commerce
  • C. marketing
  • D. marketing concept
View Answer & Discuss (2) WAEC 2016
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