WAEC Commerce Past Questions & Answers - Page 293

1,461.

Demurrage is a charge for?

A.

utlized lay days

B.

unsed lay days

C.

exceeding lay days

D.

damaged cargo

E.

jettisoned cargo

Correct answer is C

No explanation has been provided for this answer.

1,462.

The ship owner's receipt for the goods accepted for carriage in a ship is called?

A.

ship manifest

B.

charter party

C.

mate's receipt

D.

bill of exchange

E.

bill of lading

Correct answer is E

No explanation has been provided for this answer.

1,463.

The Nigeria Television Authority is an example of a?

A.

private limited liability company

B.

public limited liability company

C.

multinational corporation

D.

co-operative society

E.

public corporation

Correct answer is E

No explanation has been provided for this answer.

1,464.

If a seller discovers that he had under charged a buyer, which of the following documents will use to correct the error?

A.

A promissory note

B.

A credit book

C.

An advice note

D.

A debit note

E.

A statement of account

Correct answer is D

A debit note is a document issued by a seller to a buyer notifying them of their current debt obligations.  It is sent to the buyer when there is an increase in the amount payable

When a debit note is issued to a customer, the company is sending a notice to the buyer to pay an additional amount due to an error that may have been committed at the point of charging for the good and service

1,465.

Which of the following deals with the problems involved in selling of a particular product?

A.

Market research

B.

Market segmentation

C.

Market sharing

D.

Marketing research

E.

Merchandising

Correct answer is B

No explanation has been provided for this answer.