1998 WAEC Commerce Past Questions & Answers - page 2

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11
A document issued to a buyer showing the quantity description and prices of goods bought is called

A
a catalogue
B
an invoice
C
a price list
D
an order

Correct Option: B

No further explanations yet...

12
Which of the following describes the marketing mix?

A
Distribution, production policy, promotion, pricing policy
B
Product planning, development , market research, price
C
Product, Price, place, development
D
Communication, advertising, pricing, promotion

Correct Option: A

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13
Which of the following is not a negotiable instrument?

A
Invoice
B
Money order
C
Cheque
D
Promissory note

Correct Option: A

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14
Which of the following is not a function of the Nigerian Airport Authority?

A
Maintains the buildings and tarmac
B
Collects airport taxes
C
Controls movement of aircrafts
D
Maintains all aircrafts in the country

Correct Option: D

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15
Another name for a foreign order is

A
consular invoice
B
dock warrant
C
standing order
D
indent

Correct Option: D

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16
An agreement to deliver goods in the future after payment of the final installment is known as?

A
credit sales
B
hire purchase
C
conditional sale
D
trade-in-sale

Correct Option: C

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17
Which of the following is a pre-sales service to the consumer?

A
Installement of the product
B
Provision of credit facilities
C
Maintenance of product for a period of time
D
Transportation and delivery services

Correct Option: B

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18
Rate of stock turnover is calculated to determine

A
total volume of sales
B
number of times goods are bought and sold
C
number of times goods are counted
D
total value of goods in the store

Correct Option: B

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19
Which of the following is not a feature of hire purchase?

A
Customer pays initial deposit
B
Customer pays purchase price plus interest
C
Payment is by instalment
D
Ownership of goods passes to the customer on payment of a deposit

Correct Option: D

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20
Which of the following is not connected with after-sales services?

A
Installment
B
Granting trade discount
C
Providing spare parts
D
Repairing of product

Correct Option: B

No further explanations yet...

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