WAEC Commerce Past Questions & Answers - Page 176

876.

Which of the following is applicable to foreign trade only?

A.

Pro forma invoice

B.

insurance policy

C.

Order

D.

Bill of exchange

E.

Consular invoice

Correct answer is E

No explanation has been provided for this answer.

877.

An organization that builds access roads for the benefit of the community in which it is located has fulfilled its

A.

legal responsibility

B.

political responsibility

C.

social responsibility

D.

technological responsibility

E.

economic responsibility

Correct answer is C

No explanation has been provided for this answer.

878.

The form given by the Customs Authority to enable an importer examine goods before the arrival of the bill of lading is known as

A.

entry for warehousing

B.

certificate of origin

C.

bill of sight

D.

bill of exchange

E.

dock warrant

Correct answer is B

No explanation has been provided for this answer.

879.

Which of these management functions involves checking performance against set standards?

A.

Controlling

B.

Coordinating

C.

Planning

D.

Directing

E.

Organizing

Correct answer is A

No explanation has been provided for this answer.

880.

Which of the following functions is not performed by retailers?

A.

Breaking bulk

B.

Ensuring regular stock for consumers

C.

Branding and packaging

D.

Insuring goods for customers

E.

Storing variety of goods

Correct answer is D

No explanation has been provided for this answer.