by Sunday | Mar 16 | Commerce WAEC
A. specialist wholesaler B. rack jobber C. drop shipment D. truck wholesaler Correct Answer: Option D D. truck wholesaler Explanation Truck wholesalers or jobbers sell and deliver directly from their vehicles, often for cash. They carry a limited line of...
by Sunday | Mar 16 | Commerce WAEC
A. Fiduciary note B. Token money C. Commodity money D. Fiat money Correct Answer: Option A A. Fiduciary note Explanation Fiduciary note: This term refers to that portion of a note issue, whether that of a Government or of a bank, which is not protected by a specific...
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...