Waec 2008 Commerce Past Questions And Answers
A refund of the duty collected on goods imported into a country which are later re-exported is called
- A. excise duty
- B. ad valorem tax
- C. customs drawback
- D. demurrage
Which of the following advertising media combines the advantages of both sight and sound?
- A. Television
- B. Radio
- C. Neon sign
- D. Billboard
Which of the following is mostly used by a mail order business to sell goods
- A. Posters
- B. Catalogues
- C. Journals
- D. Magazines
The net profit is calculated as
- A. sales less purchases
- B. sale less expenses
- C. gross profit less expenses
- D. gross profit less purchases
(a) What is transportation?
(b) Explain dead freight.
(c) List and explain five factors that will determine a seller's mode of transportation.
View Discussion (0)WAEC 2008 THEORYInformation requested from a bank concerning the credit worthiness of a new customer to a business is
- A. private enquiry
- B. status enquiry
- C. general enquiry
- D. letter of enquiry
Write short notes on the following types of retail outlets:
(a) supermarket
(b) mobile shops
(c) department stores
(d) chain stores
(e) hawking.
View Discussion (0)WAEC 2008 THEORYA business that is independent of its owners is a
- A. sole proprietorship
- B. partnership
- C. limited liability company
- D. co-operative society
The buying and selling of goods and services within a country is called
- A. counter trade
- B. entrepot trade
- C. foreign trade
- D. home trade
If a customer opens a deposit account with a bank, he will
- A. recieve a crossed cheque book
- B. be given a tally
- C. be given a loan
- D. recieve interest

