WAEC Commerce Past Questions & Answers - Page 280

1,396.

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

A.

uberrimae fidei

B.

Caveat subscriptor

C.

Consumer sovereignty

D.

Caveat venditor

E.

Standard for deferred payment

Correct answer is D

No explanation has been provided for this answer.

1,397.

Which of the following ensures that manufactured goods conform to the required standard?

A.

Nigerian Industrial Research Centre

B.

Standard Organization of Nigeria

C.

Consumer Consultative Committee

D.

Price Control Board

E.

Indigenization Decree

Correct answer is B

No explanation has been provided for this answer.

1,398.

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.

1,399.

Governments impose import duties for the following reasons EXCEPT

A.

to raise revenue for other services

B.

to act as a retaliatory measure against other governments

C.

to discourage the redistribution of income at home

D.

to protect home industries from external competition

Correct answer is C

No explanation has been provided for this answer.

1,400.

A document certifying that goods have been entirely or largely manufactured in the country stated is called?

A.

certificate of origin

B.

bill of lading

C.

letter iof hypothecation

D.

consular invoice

E.

ships manifest

Correct answer is A

No explanation has been provided for this answer.