WAEC Commerce Past Questions & Answers - Page 166

826.

For which of the following reasons would a seller not issue a credit note to a customer? If

A.

goods are undercharged

B.

goods are damaged

C.

bottles are returned

D.

goods are overcharged

E.

fewer goods are returned

Correct answer is A

No explanation has been provided for this answer.

827.

A document signed by a customs officer of the exporting country to confirm the country of export of the goods is

A.

an export invoice

B.

a consular invoice

C.

a certificate of origin

D.

a letter of hypothecation

E.

a bill of laden

Correct answer is C

No explanation has been provided for this answer.

828.

An agreement that is enforceable in law is called?

A.

a contract

B.

an offer

C.

an acceptance

D.

a consideration

E.

an injuction

Correct answer is A

No explanation has been provided for this answer.

829.

Which of the following is a disadvantage of foreign trade?

A.

Encourages dumping

B.

Makes available the products that a country cannot produce

C.

Widens the world market

D.

Encourages specialization

E.

Makes possible the transfer of technology

Correct answer is A

No explanation has been provided for this answer.

830.

Which of the following is a direct service?

A.

Banking

B.

Teaching

C.

Advertising

D.

Fishing

E.

Warehousing

Correct answer is B

No explanation has been provided for this answer.