WAEC Past Questions and Answers - Page 174

866.

In which of the following do the goods become the property of the buyer on the payment of first installment

A.

Hire-purchase

B.

Deferred payment

C.

Leasehold

D.

Cash with order

E.

Forward trading

Correct answer is B

No explanation has been provided for this answer.

867.

Which of the following is a disadvantage of credit transaction?

A.

increases turnover

B.

facilitates the sale of durable goods

C.

encourages the habit of saving

D.

encourages bad debt

E.

enables consumers to enjoy goods without immediate payment

Correct answer is D

No explanation has been provided for this answer.

868.

One of the characteristics of a debenture is that

A.

it yields a fixed rate of dividends

B.

it has no redemption date

C.

it yields a fixed rate of interest

D.

its holder has a voting right

E.

the holder bears more risk than others

Correct answer is C

No explanation has been provided for this answer.

869.

The services rendered by Nigerian Airways to foreign companies are part of Nigeria's

A.

visible exports

B.

visible imports

C.

invisible exports

D.

invisible imports

E.

entreport trade

Correct answer is C

No explanation has been provided for this answer.

870.

Who among the following comes first in the channel of distribution?

A.

Consumer

B.

Retailer

C.

Consignor

D.

Manufacturer

E.

Wholesaler

Correct answer is D

No explanation has been provided for this answer.