Waec Commerce Past Questions For Year 1997
Question 31
In which of the following do the goods become the property of the buyer on the payment of first installment
- A. Hire-purchase
- B. Deferred payment
- C. Leasehold
- D. Cash with order
- E. Forward trading
Question 32
Which of the following is a disadvantage of credit transaction?
- A. increases turnover
- B. facilitates the sale of durable goods
- C. encourages the habit of saving
- D. encourages bad debt
- E. enables consumers to enjoy goods without immediate payment
Question 33
One of the characteristics of a debenture is that
- A. it yields a fixed rate of dividends
- B. it has no redemption date
- C. it yields a fixed rate of interest
- D. its holder has a voting right
- E. the holder bears more risk than others
Question 34
The services rendered by Nigerian Airways to foreign companies are part of Nigeria's
- A. visible exports
- B. visible imports
- C. invisible exports
- D. invisible imports
- E. entreport trade
Question 35
When a Public Limited Company is incorporated it means that
- A. it is entitled to commence business
- B. It has been given certificate of trading
- C. It has a legal existence
- D. its shares cannot be transffered
- E. it has to issue a statutory declaration
