Commerce Past Questions And Answers
Freight note is a document
- A. issued by a shipping company giving details of changes
- B. used by government to transport goods from one country to another
- C. used for payment for imported goods
- D. given by an importer to pay for goods at a future period
Which of the following is the safest way of sending important document s through the post?
- A) Registered mail
- B) Parcel post
- C) Letter post
- D) Segmenting
Establishing and maintaining mutual understanding between an Organization and its customers is known as
- A) Marketing concept
- B) Advertising
- C) Public relations
- D) Sales promotion
(a) Mention four types of co-operative societies.
(b) State two distinguishing features and two functions of each type mentioned in 2(a) above.
View Discussion (0)WAEC 1998 THEORYWhich of the following is not a source of capital to a sole proprietor?
- A. Loan from firends
- B. Personal savings
- C. Ploughing back profit
- D. Borrowing through debentures
Which of the following implies that the price quoted includes the cost of insurance and carriage?
- A. F.O.B
- B. F.A.S
- C. C.O.D
- D. C.I.F
Which of the following takes place when firms producing at different stages in the same industry combine?
- A) conglomeration
- B) vertical integration
- C) horizontal integration
- D) cartel
The buyer in a hire purchase contract becomes the legal owner of the goods by paying
- A. initial deposit
- B. the last installment
- C. half of the purchase price
- D. two-third of the purchase price
If the turnover of as business is N16,000 and the cost of goods N12,000, what is the percentage of gross profit on sales?
- A. 75%
- B. 40%
- C. 33%
- D. 25%
Which of the following is not pre-sale service?
- A. Repair and maintenance work
- B. Providing detailed information about the goods to be purchased
- C. Demonstrating the use and performance of the products to be sold
- D. Setting up facilities for storing the product to be bought

