WAEC Past Questions and Answers - Page 89

441.

When the public wants to buy more of a company's share than has been offered for sale, the share is said to be

A.

rights issue

B.

over subscribed

C.

qouted at a premium

D.

over-valued

Correct answer is B

No explanation has been provided for this answer.

443.

Which of the following is used only in international trade?

A.

Letter of inquiry

B.

Certificate of origin

C.

Pro-forma invoice

D.

Consignment note

Correct answer is A

No explanation has been provided for this answer.

444.

The price quotation where the buyer uses his own means to collect goods from the producer's warehouse is

A.

F.O.B

B.

ex-works

C.

F.A.S

D.

F.O.R

Correct answer is D

No explanation has been provided for this answer.

445.

Which of the following groups of activities are commercial services

A.

Manufacturing, weaving and storing

B.

Vending, purchasing and banking

C.

Advertising, farming and harvesting

D.

Fishing, constructing and transporting

Correct answer is B

No explanation has been provided for this answer.