by Sunday | Mar 16 | Commerce WAEC
A. current assets B. debit balances C. credit balance D. fixed assets Correct Answer: Option A A. current assets Explanation Current assets are cash and other assets that are expected to be converted to cash within a...
by Sunday | Mar 16 | Commerce WAEC
A. fare B. freight C. demurrage D. charges Correct Answer: Option B B. freight Explanation Freight: A charge paid for carriage or transportation of goods by air, land, or sea.
by Sunday | Mar 16 | Commerce WAEC
A. bill of exchange B. bill of entry C. letter of hypothecation D. bill of lading Correct Answer: Option D D. bill of lading Explanation A bill of lading is a document issued by a carrier to acknowledge receipt of cargo for...
by Sunday | Mar 16 | Commerce WAEC
A. legal requirement B. inadequate funding C. political stability D. lack of competition Correct Answer: Option B B. inadequate funding Explanation Public sector failure occurs when government intervention in the economy leads to an inefficient allocation of resources...
by Sunday | Mar 16 | Commerce WAEC
A. specific duty B. ad valorem C. custom duty D. excise duty Correct Answer: Option B B. ad valorem Explanation Ad valorem is a tax paid in proportion to the estimated value of the goods or transaction concerned. Charge levied as a percentage of value of the item it...
by Sunday | Mar 16 | Commerce WAEC
A. selling on credit B. lower prices of goods C. selling in smaller quantities D. located at convenient places Correct Answer: Option A A. selling on credit