Commerce Past Questions

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2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

2,221 questions
Question 1 of 20 2,221 total questions
Question 321
waec 2013

Carriage forward on an invoice means

Acarriage will be paid next time
Bcarriage will be paid by seller
Ccarriage will be paid by buyer
Dcarriage has been paid
View Explanation & Discuss
Question 322
waec 2013

A document used as a polite way of refusing credit is

Aadvice note
Bquotation
Cproforma invoice
Dinvoice
View Explanation & Discuss
Question 323
waec 2012

The exclusive right of an author over his book is

ATrade mark
BBrand name
CCopyright
DPatent right
View Explanation & Discuss
Question 324
waec 2012

The document in which full details of goods and the ship carrying the goods are contained is known as

Abill of exchange
Bbill of sight
Ccertificate of origin
Dshipping advice note
View Explanation & Discuss
Question 325
waec 2012

Throwing cargo overboard in order to save a ship from sinking is

Ajettison
Babandonment
Cpiracy
Dflotsam
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Question 326
waec 2012

The functions of credit and thrift society does not include

Acharging low interest rate on loans
Bproviding savings facilities
Cencouraging mutual co-operation of members
Dproviding security for member's property
View Explanation & Discuss
Question 327
waec 2012

The abbreviation E & O.E. on an invoice seeks to

Adraw the attention of the buyer to the contents of the document
Bshow that there is no error about price quoted on the invoice
Cprotect the seller against any error on the document
Ddraw the attention of the seller to the contents of the document
View Explanation & Discuss
Question 328
waec 2012

Industrial occupation does not involve the

Agrowing and extraction of raw materials
Buse of machinery
Cconstruction and manufacturing of goods
Dmovement of people and goods
View Explanation & Discuss
Question 329
waec 2012

The size of of profit of a business is measured by the

Aclosing stock
Bopening stock
Ctotal purchases
Drate of turnover
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Question 330
waec 2012

Mr Lou who assured his life with XYZ Assurance Company, was involved in an accident and had a broken leg; the sum of #80,000 was paid to Mr Lou for his broken leg. The money received is known as

Acompensation
Bcommission
Cpremium
Dindemnity
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Question 331
waec 2012

Which of the following arrangement of documents is the correct sequence as used in the retail trade? i. Quotation ii. Enquiry iii.Order iv Invoice

Ai,ii,iii,iv
Bii,i,iii,iv
Ci,iv,iii only
Di,iii,iv only
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Question 332
waec 2012

An activity involving buying, selling, distribution of goods and services is known as

Atrade
Bmarketing mix
Cexchange
Dcommerce
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Question 333
waec 2012

The document which is used when a country imposes ad valorem duties is

Abill of lading
Bconsular invoice
Ccertificate of origin
Dopen indent
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Question 334
waec 2012

The satisfaction of customers in all business activities is emphasized by

Amarket research
Bmarketing concept
Cmarketing mix
Dproduct differentiation
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Question 335
waec 2012

Who among the following generally has no capacity to enter into a valid contract

ASchool principals
BInfants
CAgents
DReligious ministers
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Question 336
waec 2012

The document which specifies the manufacturer from whom goods are to be imported is

Aclosed indent
Bopen indent
Cexport invoice
Dconsignment note
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Question 337
waec 2012

The combination of product, price, promotion and distribution decisions employed by a company is referred to as

Apricing policy
Bmarketing mix
Cproduct mix
Dmarketing concept
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Question 338
waec 2012

The document which helps in ascertaining the correct value of imports in order to assess the custom duty is

Abill of lading
Bconsular invoice
Cbill of sight
Dships manifest
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Question 339
waec 2012

The buyer in a hire purchase contract becomes the legal owner of the goods by paying

Ainitial deposit
Bthe last installment
Chalf of the purchase price
Dtwo-third of the purchase price
View Explanation & Discuss
Question 340
waec 2012

A ceiling on the quantity of commodity to be imported into the country is called

Aban
Btariff
Cprice limit
Dquota
View Explanation & Discuss
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