WAEC Commerce Past Questions & Answers - Page 304

1,516.

which of the following currencies does/do not belong to any country within the ECOWAS?

A.

naira and kobo

B.

dalasi

C.

cedis and pesewas

D.

leo

E.

kwasha and shilling

Correct answer is E

No explanation has been provided for this answer.

1,517.

total sales less total returns inwards is called?

A.

purchases

B.

net profit

C.

gross profit

D.

average stock

E.

net sales

Correct answer is E

No explanation has been provided for this answer.

1,518.

the production of goods in anticipation of demand is made possible by?

A.

packaging

B.

warehousing

C.

branding

D.

advertising

E.

transporting

Correct answer is B

No explanation has been provided for this answer.

1,519.

which of the following is not a means of making payment to a businessman?

A.

bank draft

B.

cash

C.

money order

D.

cheque

E.

statements

Correct answer is E

No explanation has been provided for this answer.

1,520.

the value of anything expressed in monetary terms is the?

A.

utility

B.

price

C.

service

D.

charge

E.

money

Correct answer is B

No explanation has been provided for this answer.