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When a ship overstays the allowed number of days at the port, it is made to pay?

by Sunday | Mar 16 | Commerce WAEC

A. interest B. tariff C. demurrage D. commission Correct Answer: Option A Explanation Demurrage is a charge payable to the owner of a chartered ship on failure to load or discharge the ship within the time agreed.

A voluntary association which consists of people who represent a cross-section of business interests in an area is a?

by Sunday | Mar 16 | Commerce WAEC

A. Trade Association B. Trade Union C. Chamber of Commerce D. Consumer’s Association Correct Answer: Option A A. Trade Association Explanation Trade association is a voluntary organization of independent business units in the same branch of industry. It aims to...

A postal service that allows a company’s customers to reply to its advertisements at the expense of the company is?

by Sunday | Mar 16 | Commerce WAEC

A. recorded delivery service B. post restante C. express delivery service D. business reply service Correct Answer: Option C C. express delivery service

A business obtains part of its short-term capital from?

by Sunday | Mar 16 | Commerce WAEC

A. bonds B. debentures C. trade credit D. ordinary shares Correct Answer: Option C C. trade credit Explanation Trade credit is an essential tool for financing growth. Trade credit is the credit extended to you by suppliers who let you buy now and pay later. Any time...

A person who contributes money to a partnership business and is also involved in its general supervision is called?

by Sunday | Mar 16 | Commerce WAEC

A. An active partner B. a limited partner C. A dormant partner D. a nominal partner Correct Answer: Option A A. An active partner Explanation An active partner is an invested person who is involved in the daily operations of the partnership. An active partner helps...

The part of authorized capital of a company sold to shareholders is?

by Sunday | Mar 16 | Commerce WAEC

A. paid-up capital B. called-up capital C. issued capital D. nominal capital Correct Answer: Option A A. paid-up capital
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