COMMERCE 101

WAEC QUESTIONS CONTD

Hey Readers, Happy New Week. Well its Holiday Season so it's time to slow down on the tutorials and intensify the questions revision from JAMB, GCE, WAEC etc in order to remember what we have done previously and to test ourselves. We started Last week and we are continuing today, So let's get started.......

13. The Main Purpose of Sending Delivery Notes along with Goods is to

a. Enable the Goods to be Checked on Arrival

b. Enable the Buyer to Pay the Correct Delivery Charges

c. Ensure the Safe Delivery of the Goods

d. Prevent the Goods from being stolen in Transit.

14. A Shop that sells only the products of a particulars manufacturer, is known as

a. Mobile Shop

b. Unit Shop

c. Tied Shop

d. Small Shop.

15. Which of the following statement cannot be found in a Partnership Deed?

a. Names of Partners

b. Nature of Business

c. Payment of Tax

d. Interest on Capital.

16. Product Differentiation is achieved by

a. Packaging and Branding

b. Packing and Grading

c. Market Segmentation

d. Outdoor Advertising.

17. Which of the following services is not offered to retailers by wholesalers?

a. Keeping them informed of the Demands of Consumers

b. Keeping them  informed of new products

c. Offering a wide range of products

d. Granting Credits.

18. The Buying and Selling of Goods and Services within a country is called

a. Counter Trade

b. Entrepot Trade

c. Foreign Trade

d. Home Trade.

19.  The Relationship between Partners is stipulated in the

a. Memorandum of Association

b. Article of Association

c. Partnership Deed

d. Certificate of Incorporation.

20. Which of the following cannot be used to regulate Importation

a. Import Quota

b. Import License

c. Imposition of Embargo

d. Increase of Excise duty.

21. A Firm that accepts, sells and delivers goods by post is a

a. Supermarkets

b. Multiple Store

c. Department Store

d. Mail Order Business.

22. Okoni & Co. Law Chamber is an example of a

a. Sole Proprietorship

b. Partnership

c. Co-operative Society

d. Public Limited Company.

23. A Refund of the Duty collected on goods imported into a Country which are later re-exported is

a. Excise Duty

b. Ad Valorem Tax

c. Customs Drawback

d. Demurrage.

24.  Which of the Following is mostly used  by a Mail Order Business to sell goods?

a. Posters

b. Catalogues

c. Journals

d. Magazines.

NOTE: ALL THE QUESTIONS IN THIS POST ARE CREDITED TO WEST AFRICA EXAM COUNCIL 2008 PAPERS. THANKS

This brings us to the end of today's session. Hope this was very helpful to you, leave a comment of what you think of this tutorial and Pls try to attempt the Questions on your own. Have a Blessed Day and Remember You are Amazing. God Bless.