WAEC Commerce Past Questions & Answers - Page 273

1,361.

The provision of all kinds of services is related to?

A.

primary production

B.

secondary production

C.

territorial production

D.

construction

E.

tertiary production

Correct answer is E

No explanation has been provided for this answer.

1,362.

When payments is required for goods at the time order is placed, the term of payment quoted is?

A.

C.O.D

B.

C.W.O

C.

C.I.F

D.

F.O.R

E.

F.O.B

Correct answer is B

No explanation has been provided for this answer.

1,363.

Which of the following saves consumers the time and cost involved in travelling to commercial centres for shopping?

A.

Department store

B.

Supermarket

C.

Mobile shop

D.

Wholesale stores

E.

Stall holder

Correct answer is C

No explanation has been provided for this answer.

1,364.

A group of retailing shops under one management and selling then same products is known as?

A.

multiple shop

B.

supermarket

C.

department stores

D.

variety store

E.

unit shop

Correct answer is A

No explanation has been provided for this answer.

1,365.

Which of the following is an investor earns profit on the basis of his patronage?

A.

debenture holder

B.

partner

C.

sole proprietor

D.

co-operative member

E.

shareholder

Correct answer is D

No explanation has been provided for this answer.