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Commerce 2018 WAEC Past Questions

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16

The reason for sending a proforma invoice to a potential customer is that it is?

  • A. an indication of the seller's willingness to grant credit
  • B. a polite way of telling the customer to return the goods
  • C. an invitation to the buyer to buy on hire purchase
  • D. a polite way of refusing to sell on credit
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17

The insurance policy taken to cover dishonesty of account personnel of an organisation is? 

  • A. employers laibility
  • B. fidelity guarantee
  • C. life endowment
  • D. marine insurance
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18

which of the following documents is used when goods are being sent by a common carrier

  • A. delivery note
  • B. consignment note
  • C. advice note
  • D. credit note
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19

A put option in the stock exchange is an option

  • A. to sell
  • B. not to sell
  • C. to buy
  • D. not to buy
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20

The functions of money do not include

  • A. store of value
  • B. medium of exchange
  • C. double coincidence of wants
  • D. means of deferred payment
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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