WAEC Commerce Past Questions & Answers - Page 76

376.

Mr Ojo buys a book from a bookseller and pays cash. The bookseller will issue him a

A.

debit note

B.

credit note

C.

voucher

D.

receipt

Correct answer is D

No explanation has been provided for this answer.

377.

If a share is sold at a price below its face value, it is sold

A.

above par

B.

at a discount

C.

at par

D.

at premium

Correct answer is B

No explanation has been provided for this answer.

378.

Which of the following is not a feature of a self-service store?

A.

it is found mainly in urban areas

B.

it offers steady employment opportunities

C.

Goods carry price tags

D.

it operates on a large floor space

Correct answer is B

No explanation has been provided for this answer.

379.

Centralized buying and decentralized selling are features of

A.

cooperative wholesalers

B.

department stores

C.

mail order business

D.

multiple stores

Correct answer is D

No explanation has been provided for this answer.

380.

A popular product priced low to attract a larger number of buyers to a shop is called

A.

loss leader

B.

capital good

C.

seasonal good

D.

price ring

Correct answer is A

No explanation has been provided for this answer.