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Commerce 2025 WAEC Past Questions

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21

Use the information below to answer questions below

  #
opening stock 4000
closing stock 12000
purchases

17000

- The cost of goods sold is

  • A. #16,000
  • B. #9,000
  • C. #21,000
  • D. #4,000
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22

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

  • A. an invoice
  • B. an order
  • C. a cheque for payment
  • D. an advice note
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23

The main function of a bureau-de-exchange is

  • A. providing trade information
  • B. buying and selling foreign currency
  • C. buying and selling securities
  • D. selling goods and services
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24

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

  • A. errors and omissions exempted
  • B. errors and omissions expected
  • C. errors and omissions excepted
  • D. errors and omissions excluded
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25

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

  • A. perishable
  • B. inferior
  • C. bulky
  • D. fragile
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