WAEC Commerce Past Questions & Answers - Page 241

1,201.

Agents who link buyers with sellers receive?

A.

factorage

B.

brokerage

C.

bonus

D.

interest

E.

premium

Correct answer is B

No explanation has been provided for this answer.

1,202.

Which of the following does not determine the form ofa business unit?

A.

Available capital

B.

Risk bearing

C.

Nearness to market

D.

Ownership

E.

Nature of business

Correct answer is C

No explanation has been provided for this answer.

1,203.

Which of the following is sent when credit is not allowed?

A.

Debit note

B.

Proforma invoice

C.

Credit note

D.

Statement

E.

Advice note

Correct answer is B

No explanation has been provided for this answer.

1,204.

ln which of the following environments does a firm that uses out-dated equipment operate?

A.

Economic

B.

Technological

C.

Social

D.

Political

E.

Legal

Correct answer is A

No explanation has been provided for this answer.

1,205.

Which of the following is notan aim of advertising? To

A.

drive away smaller firms

B.

satisfy consumers

C.

help firms compete with others

D.

make one’s product known

E.

increase sales

Correct answer is A

No explanation has been provided for this answer.