WAEC Commerce Past Questions & Answers - Page 274

1,366.

The system of parting with authority not responsibility is known as?

A.

controlling

B.

planning

C.

delegating

D.

movtivating

E.

co-ordinating

Correct answer is C

No explanation has been provided for this answer.

1,367.

A document sent to a customer at regular price intervals to enable him know his indebtedness to his supplier is known as?

A.

debit note

B.

invoice

C.

statement

D.

receipt

E.

consignment note

Correct answer is C

No explanation has been provided for this answer.

1,368.

The reward of land as a factor of production is known as?

A.

interest

B.

rent

C.

profit

D.

wages

E.

toll

Correct answer is B

No explanation has been provided for this answer.

1,369.

Which of the following enjoins the buyers to examine goods thoroughly beforeigeria making a purchase?

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.

1,370.

A facility used for impressing pre-paid postage rate on letters is called?

A.

vending machine

B.

speed post

C.

recorded delivery services

D.

cash register

E.

franking machine

Correct answer is E

No explanation has been provided for this answer.