WAEC Past Questions and Answers - Page 113

561.

Bonded warehouses are controlled by

A.

Export Promotion Council

B.

Ports Authority

C.

Customs and Excise Authority

D.

Clearing and Forwarding agents

Correct answer is C

No explanation has been provided for this answer.

562.

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

Correct answer is D

No explanation has been provided for this answer.

563.

Which of the following is the most suitable channel of distribution for technical goods?

A.

manufacturer-retailer-consumer

B.

manufacturer-wholesaler-retailer-consumer

C.

manufacturer-wholesaler-consumer

D.

manufacturer-consumer

Correct answer is D

No explanation has been provided for this answer.

564.

Which of the following can be sold through a vending machine?

A.

cigarettes

B.

shirts

C.

handbags

D.

shoes

Correct answer is A

No explanation has been provided for this answer.

565.

Business losses in nationalized industries are borne by the

A.

Shareholders

B.

Debenture holders

C.

Board of directors

D.

Public

Correct answer is D

No explanation has been provided for this answer.