Commerce Past Questions And Answers
A document that lists the goods that are being sent from one place to another is
- A. mail transfer
- B. shipping note
- C. consular invoice
- D. bill of lading
which of the following features is not associated with a chamber of commerce? it is
- A. democratically administered
- B. an independent association
- C. open only to entrepreneurs
- D. a voluntary association
Which of the following aids to trade is used to stimulate demand for goods
- A. banking
- B. transport
- C. insurance
- D. advertising
A major function of trade association is to
- A. foster cooperation among members
- B. establish a link among member
- C. assist members to buy cars
- D. help individuals to set up small business
A written agreement for hiring a ship for transporting goods is a?
- A. consular invoice
- B. bill of lading
- C. charter party
- D. certificate of origin
State two distinguishing features between each of the following;
(a) Tramps vessels and ocean liners
(b) A factor and a broker
(c) A commissioned agent and a del credere agent
(d) consular invoice and proforma invoice
(e) Insurance and assurance
View Discussion (0)WAEC 2013 THEORYA form of money that has gone out of use is
- A. paper money
- B. commodity money
- C. foreign money
- D. bank money
Small scale retailers continue to survive inspite of serious competition from large scale retailers because they
- A. buy from many manufacturers
- B. maintain personal relationship with customers
- C. stock only one line of goods in their stalls
- D. do not separate business money from personal money
The document that explains the types of shares available for sale to the public is
- A. a prospectus
- B. an invoice
- C. an open indent
- D. a closed indent
Consumers require protection against exploitation to ensure?
- A. adequate consumer awareness
- B. availability of products variety
- C. the sale of quality products
- D. increased aggregate demand

