WAEC Commerce Past Questions & Answers - Page 313

1,561.

Which of the following is not a factor of product?

A.

Capital?

B.

Land

C.

Labour

D.

Organization

E.

Staffing

Correct answer is E

No explanation has been provided for this answer.

1,562.

If a retailer Mr. Aigbojie buys goods manufactured by Adefila Limited from wholesaler Mrs. Jumai, who will prepare the delivery note?

A.

Mr. Aigbojie

B.

Adefila Limited

C.

Mrs. Jumai

D.

Mr. Aigbojie and Adefila Limited

E.

Adefila Limited and Mrs. Jumai

Correct answer is C

A delivery note is a document that accompanies a shipment of goods. It provides a list of the products and quantity of the goods included in the delivery.

The wholesaler, Mrs. Jumai will prepare the delivery note for the shipment of the goods to Mr. Aigbojie.

1,563.

The oldest and commonest form of business in Nigeria is?

A.

partnership

B.

the co-operative society

C.

sole proprietorship

D.

joint stock veture

E.

public corporation

Correct answer is C

No explanation has been provided for this answer.

1,564.

Opening stock.................N1000
Closing stock.................N9000
Purchases.....................N14,000
The cost of goods sold is?

A.

N6000

B.

N10000

C.

N42000

D.

N16000

E.

20000

Correct answer is A

No explanation has been provided for this answer.

1,565.

Opening stock.................N1000
Closing stock.................N9000
Purchases.....................N14,000
The average stock is?

A.

N2000

B.

N2000

C.

N5000

D.

N6000

E.

N7000

Correct answer is C

No explanation has been provided for this answer.