WAEC Commerce Past Questions & Answers - Page 139

691.

Which of the following is not a negotiable instrument?

A.

Invoice

B.

Money order

C.

Cheque

D.

Promissory note

E.

Bill of exchange

Correct answer is A

No explanation has been provided for this answer.

692.

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

E.

Advertising, pricing, development, communication

Correct answer is A

No explanation has been provided for this answer.

693.

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

E.

an advice note

Correct answer is B

No explanation has been provided for this answer.

694.

The reward of entrepreneurship as a factor of production is

A.

interest

B.

commission

C.

profit

D.

salary

E.

rent

Correct answer is C

No explanation has been provided for this answer.

695.

Movement of commercial vehicles in Nigeria is controlled by the

A.

Nigerian Ports Authority

B.

National Association of Road Transport Workers

C.

Federal Ministry of Transport

D.

Nigerian Customs Authority

E.

Nigerian Airports Authority

Correct answer is B

No explanation has been provided for this answer.