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Commerce Past Questions

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1336
Which of the following is a declaration by the captain of a ship as to the cargo on board?
  • A. Bill of ladlng
  • B. Mates receipt
  • C. Ships manifest
  • D. Bill of sight
  • E. Dock warrant
View Answer & Discuss WAEC 1995
1337
When the balance of trade is unfavourable which of the following conditions prevails?
  • A. Exports exceed imports
  • B. Imports exceed exports
  • C. Customs duty is high
  • D. lnvisible exports exceed visible imports
  • E. The value money falls
View Answer & Discuss WAEC 1995
1338
When a seller decides to sell his goods at a specific price for a specific period, he is making?
  • A. a sales promotion
  • B. a bid
  • C. an auction sale
  • D. a firm offer
  • E. an implied guarantee
View Answer & Discuss WAEC 1995
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1339
A retailer who receives a trade discount of 33‘/3% and a cash discount of 10% on goods worth N360 would pay?
  • A. N240
  • B. N226
  • C. N216
  • D. 204
  • E. 120
View Answer & Discuss (1) WAEC 1995
1340
Which of the following documents is used when goods are sent on approval?
  • A. Catalogue
  • B. Delivery note
  • C. Receipt
  • D. Advice note
  • E. Pro forma invoice
View Answer & Discuss WAEC 1995
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