WAEC Commerce Past Questions & Answers - Page 190

946.

The process of dealing with a cheque once it has been paid into the creditor's bank is?

A.

clearing

B.

accepting

C.

negotiating

D.

discounting

Correct answer is A

No explanation has been provided for this answer.

947.

Quality discount is offered to persuade the buyer to?

A.

pay promptly

B.

defer payment

C.

pay a deposit

D.

buy more

Correct answer is D

No explanation has been provided for this answer.

948.

Which of the following is used to inform the buyer that goods available for sale?

A.

Quotation

B.

Proforma

C.

Advice note

D.

Despatch book

Correct answer is C

No explanation has been provided for this answer.

949.

Which of the following contains the complete information on goods available for sale?

A.

Invoice

B.

Delivery note

C.

Consignment note

D.

Catalogue

Correct answer is D

No explanation has been provided for this answer.

950.

Taxes imposed on locally made goods are known as?

A.

ad valorem

B.

import duties

C.

export drawback

D.

excise duties

Correct answer is D

No explanation has been provided for this answer.