WAEC Past Questions and Answers - Page 187

931.

When goods are sent through an independent carrier, the document used by the sender is

A.

a delivery note

B.

an advice note

C.

an invoice

D.

a consignment note

E.

a reciept

Correct answer is D

No explanation has been provided for this answer.

932.

Musa places the bicycle for sale at #800.00 and Dada had agreed to pay the amount. In this transaction, Musa is the

A.

offerer

B.

offeree

C.

buyer

D.

guarantor

E.

auctioner

Correct answer is A

No explanation has been provided for this answer.

933.

A firm that accepts a portion of the risk involved in an insurance contract is

A.

a broker

B.

an actuary

C.

a speculator

D.

an underwriter

E.

an assessor

Correct answer is D

No explanation has been provided for this answer.

934.

An association of employees in an organization is called a

A.

trade union

B.

trade association

C.

consumer association

D.

credit union

E.

co-operative society

Correct answer is A

No explanation has been provided for this answer.

935.

A nation's earnings from tourism are classified as

A.

visible exports

B.

invisible exports

C.

visible imports

D.

invisible imports

E.

entrepot trade items

Correct answer is B

No explanation has been provided for this answer.