WAEC Commerce Past Questions & Answers - Page 235

1,171.

The giving of clear instructions and information to all concerned in an organisation to ensure proper understanding of decisions and policies is?

A.

organizsing

B.

planning

C.

communicating

D.

directing

E.

coordinating

Correct answer is C

No explanation has been provided for this answer.

1,172.

Who among the following is not involved in foreign trade?

A.

Factor

B.

Dei Credere Agent

C.

Wholesale Merchant

D.

Jobber

E.

Forwarding Agent

Correct answer is D

No explanation has been provided for this answer.

1,173.

The rebate given to the retailer by the wholesaler to enable him make profit is known as?

A.

trade discount

B.

cash discount

C.

credit guarantee

D.

commission

E.

mark-up

Correct answer is A

No explanation has been provided for this answer.

1,174.

A cheque that is drawn on a bank is called?

A.

certified cheque

B.

bankdraft

C.

bank note

D.

order cheque

E.

bearer cheque

Correct answer is B

No explanation has been provided for this answer.

1,175.

Which of the following is not considered by banks when granting loans to customers?

A.

Character of the customer

B.

Amount needed

C.

Period of repayment

D.

Amount of interest payable

E.

Purpose of the loan

Correct answer is A

No explanation has been provided for this answer.