WAEC Commerce Past Questions & Answers - Page 96

476.

A set of measures pursued by an organization in order to maintain goodwill in its environment is referred to as

A.

human relations

B.

public relations

C.

personal relations

D.

organizational set up

Correct answer is A

No explanation has been provided for this answer.

477.

Which of the following is the correct sequence in which the following documents are used?

A.

Order, delivery note, debit note, invoice, statement

B.

Order, advice note, debit note,invoice,statement

C.

Order, statement, delivery note, invoice, debit note

D.

Order, delivery note, invoice, debit note, statement

Correct answer is D

No explanation has been provided for this answer.

478.

A seller quoting his goods loco price means that

A.

all charges are borne by the seller

B.

all charges are borne by the buyer

C.

the seller pays carriage as far as the buyers warehouse

D.

the price includes cost, insurance and freight

Correct answer is D

No explanation has been provided for this answer.

479.

Which of the following is not suitable for hire purchase?

A.

Textiles

B.

Furniture

C.

Refrigerators

D.

Printing machine

Correct answer is A

No explanation has been provided for this answer.

480.

Which of the following encourages trade between regions?

A.

Differences in currencies of countries

B.

Difference in national income of countries

C.

Existence of trade associations

D.

Differences in natural resources

Correct answer is D

No explanation has been provided for this answer.