WAEC Past Questions and Answers - Page 183

911.

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.

912.

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.

913.

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.

914.

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.

915.

Which of the following activities makes the consumer its focus in decision making?

A.

Selling concept

B.

Marketing concept

C.

Product concept

D.

Production concept

E.

Market research

Correct answer is B

No explanation has been provided for this answer.