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Commerce 2021 WAEC Past Questions

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21

The expected response from the recipient of a quotation is to send

  • A. an advice note
  • B. a cheque for payment
  • C. an invoice
  • D. an order
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22

The main function of a bureau-de-change is 

  • A. buying and selling foreign currency
  • B. buying and selling securities information
  • C. providing trade information
  • D. selling goods and services
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23

The right of a seller to make corrections on invoices is expressed by the term

  • A. errors and omissions excepted
  • B. errors omissions excluded
  • C. errors and omissions exempted
  • D. errors and omissions expected
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24

Speed is an important factor to be considered for the choice of means of transport where goods are

  • A. perishable
  • B. interior
  • C. fragile
  • D. bulky
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25

The practice by which insurance companies share risks with other insurance companies is 

  • A. contribution
  • B. re-insurance
  • C. insurance
  • D. underwriting
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