Commerce WAEC

An installment buying system where ownership immediately transfers to the buyer is known as?

A. deferred payment
B. hire – purchase
C. spot buying
D. cash sales
E. prompt payment

Correct Answer:

Option A – deferred payment

Sunday

Share
Published by
Sunday
Tags: Commerce

Recent Posts

Categories of People an Offer Can Be Made To and Classifications of Contracts

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

1 day ago

BAM 134 Theory Question: Factors Determining Span of Control in Organizations

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

1 day ago

BAM 134 Theory Question: The Importance and Elements of Delegation in Organizations

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

1 day ago

BAM 134 Theory Question: Recruitment, Selection, and Training Procedures in Organizations

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

1 day ago

BAM 134 Theory Question: Short Notes on Key Management Theories

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

1 day ago

BAM 134 Theory Questions: Effective Communication in Organizations: Characteristics and Consequences of Failure

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

1 day ago