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Cthe seller pays carriage as far as the buyers warehouse
Dthe price includes cost, insurance and freight
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Question 17
waec2005
Which of the following is not suitable for hire purchase?
ATextiles
BFurniture
CRefrigerators
DPrinting machine
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Question 18
waec2005
Which of the following encourages trade between regions?
ADifferences in currencies of countries
BDifference in national income of countries
CExistence of trade associations
DDifferences in natural resources
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Question 19
waec2005
Terms of trade is the
Arate at which the central bank discounts first class bills
Brate at which a country's exports exchange for its imports
Cexpected rate of returns on an investment
Drate of payment for goods and services purchased
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Question 20
waec2005
Which of the following is a feature peculiar multiple shops?
ACentral Location
BSelf Service
CCentral Buying
DOne stop shopping
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Question 21
waec2005
A manufacturer of goods that are seasonally demanded will be in dire need of a
Awealthy customer
Bsuitable means of transport
Cwarehouse
Dlarge house frontage
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Question 22
waec2005
Which of the following will not be considered in choosing a channel of distribution?
ANature of product
BPreferences of customers
CVolume of sales
DQuality of product
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Question 23
waec2005
Who among the following cannot be regarded as an itinerant trader
AGypsy
BBarrow boy
CPedlar
DStall owner
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Question 24
waec2005
A bank's undertaking to pay an exporter on behalf of an importer is a
Adocumentary credit
Bletter of credit
Cletter of hypothecation
Dbill of exchange
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Question 25
waec2005
An organization formed mainly by traders on the same line of business is known as
Atrade union
Bcooperative society
Ctrade association
Dchamber of commerce
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Question 26
waec2005
The net profit of a business is determined by
Adeducting cost of goods sold from sales
Bdeducting purchases from sales
Cadding commissions recieved to gross profit
Ddeducting all expenses from gross profit and other income
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Question 27
waec2005
Which of the following is an intangible asset of a firm
AGoodwill
BReserve
CSkilled personnel
DRights issue
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Question 28
waec2005
The nominal value of a share is same as its
Amarket value
Bbelow par value
Cabove par value
Dface value
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Question 29
waec2005
The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.
The reserved capital is
A#300,000
B#200,000
C#100,000
D#50,000
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Question 30
waec2005
The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.
