WAEC Commerce Past Questions & Answers - Page 236

1,176.

The process of entrusting part of the work of a superior and the corresponding authority to a subordinate in an
organisation is called?

A.

delegation

B.

deputising

C.

coordinating

D.

supervision

E.

motivation

Correct answer is A

No explanation has been provided for this answer.

1,177.

The practice of selling goods in foreign countries at lower prices than obtainable in the exporting country is known as?

A.

hedging

B.

black market

C.

dumping

D.

speculation

E.

speculation

Correct answer is C

No explanation has been provided for this answer.

1,178.

When the exporter arranges for the dispatch of goods but leaves the cost of transport to be paid by the importer, the price quoted is?

A.

carriage forward

B.

franco

C.

Loco

D.

free on board

E.

A free alongside ship

Correct answer is D

No explanation has been provided for this answer.

1,179.

Which of the following is a problem facing mail order business?

A.

Expensive shop fronts

B.

cost of postage and advertisement

C.

Commission to agents

D.

Increase in branded goods

E.

increase in the variety of catalogues

Correct answer is B

No explanation has been provided for this answer.

1,180.

Retail outlets which sell from specialised vans are

A.

supermarkets

B.

multiple shops

C.

mail orderfirms

D.

department stores

E.

mobile shops

Correct answer is E

No explanation has been provided for this answer.