Commerce Archives - Page 491 of 545

“Net 3 months” on an invoice means the buyer will?

A. pay interest after 3 months B. gets discount if he pays within 3 months C. pay full invoice amount after 3 months D. have discount if he pays after 3 months Correct Answer: Option B B. gets discount if he pays within 3 months

Which of the following is engaged in commercial occupation?

by Sunday | Mar 16 | Commerce WAEC

A. a brick layer B. an engineer C. an insurance broker D. a barber Correct Answer: Option C C. an insurance broker

In a hire purchase contract, the customer becomes the legal owner of the goods by?

by Sunday | Mar 16 | Commerce WAEC

A. paying the last installment B. paying the first installment C. taking possession of the goods D. paying half the purchase price Correct Answer: Option A A. paying the last installment

Shares, bonds, stocks and debentures traded on the stock exchange are collectively called?

by Sunday | Mar 16 | Commerce WAEC

A. collaterals B. commodities C. resources D. securities Correct Answer: Option D D. securities

A price quotation which includes all the expenses involved in loading the goods into a ship is?

by Sunday | Mar 16 | Commerce WAEC

A. Free on Board (FOB) B. Free Alongside Ship (FAS) C. Cost, Insurance, Freight (C.I.F) D. ex-ship Correct Answer: Option A A. Free on Board (FOB)

“Net 3 months” on an invoice means the buyer will?

Which of the following is engaged in commercial occupation?

In a hire purchase contract, the customer becomes the legal owner of the goods by?

Shares, bonds, stocks and debentures traded on the stock exchange are collectively called?

A price quotation which includes all the expenses involved in loading the goods into a ship is?

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