Waec Commerce Past Questions For Year 2021
Question 21
The practice by which insurance companies share risks with other insurance companies is
- A. contribution
- B. re-insurance
- C. insurance
- D. underwriting
Question 22
Speed is an important factor to be considered for the choice of means of transport where goods are
- A. perishable
- B. interior
- C. fragile
- D. bulky
Question 23
The right of a seller to make corrections on invoices is expressed by the term
- A. errors and omissions excepted
- B. errors omissions excluded
- C. errors and omissions exempted
- D. errors and omissions expected
Question 24
The main function of a bureau-de-change is
- A. buying and selling foreign currency
- B. buying and selling securities information
- C. providing trade information
- D. selling goods and services
Question 25
The expected response from the recipient of a quotation is to send
- A. an advice note
- B. a cheque for payment
- C. an invoice
- D. an order
