WAEC Commerce Past Questions & Answers - Page 229

1,141.

Del-credere commission is an?

A.

allowance paid to a supplier

B.

extra allowance paid for guaranteeing recovery of debts

C.

allowance paid to all commission agents

D.

allowance paid bythe agent

E.

allowances to ensure delivery of goods by commission agent

Correct answer is B

No explanation has been provided for this answer.

1,142.

Goods are usually classified into?

A.

saleable and nonisaleable good

B.

inferior and superior goods

C.

luxurious and essential goods

D.

producer and consumer goods

E.

home made and foreign made goods

Correct answer is D

No explanation has been provided for this answer.

1,143.

Land as a factor of production comprises?

A.

all resources provided by nature

B.

the earth surface only

C.

land surface and vegetation

D.

efforts to exploit the earth

E.

the oceans and rivers only

Correct answer is A

No explanation has been provided for this answer.

1,144.

All activities involved in the distribution and exchange of goods and services are referred to as?

A.

Trade

B.

Market survey

C.

Advertising

D.

Commerce

E.

Sales promotion

Correct answer is D

No explanation has been provided for this answer.

1,145.

The total indebtedness of a business is the same as its

A.

liabilities

B.

liquid capital

C.

solvency

D.

capital employed

E.

working capital

Correct answer is A

No explanation has been provided for this answer.