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JAMB and WAEC Commerce questions: Documents used in trade

34 questions with answers and explanations. Tap an option to check yourself.

AllJAMBWAEC
All topicsAdvertising and marketing · 32Business management and environment · 32Commerce and its scope · 31Communication · 33Computers and ICT in business · 29Consumer protection · 30Documents used in trade · 34Elements of commercial law · 31Financing a business · 32Foreign trade · 40Forms of business organisation · 40Home trade: retail and wholesale · 40Insurance · 39Money and banking · 40Occupation and production · 33The stock exchange · 34Transport · 33Warehousing · 28

  1. Question 21· Documents used in trade· JAMB

    The document that tells the buyer the total amount owed at the end of a month is the

    Explanation and discussion

  2. Question 22· Documents used in trade· WAEC

    A document that accompanies goods and is signed by the buyer on receipt is the

    Explanation and discussion

  3. Question 23· Documents used in trade· WAEC

    A credit note is sent by a seller to a buyer when

    Explanation and discussion

  4. Question 24· Documents used in trade· JAMB

    Trade discount is allowed mainly to

    Explanation and discussion

  5. Question 25· Documents used in trade· JAMB

    A credit note is issued by the seller when

    Explanation and discussion

  6. Question 26· Documents used in trade· WAEC

    A credit note is issued when

    Explanation and discussion

  7. Question 27· Documents used in trade· JAMB

    The terms 'E & OE' on an invoice mean

    Explanation and discussion

  8. Question 28· Documents used in trade· JAMB

    An order is sent by the

    Explanation and discussion

  9. Question 29· Documents used in trade· JAMB

    A document sent by a buyer to a seller asking for the prices and terms of goods is

    Explanation and discussion

  10. Question 30· Documents used in trade· JAMB

    Trade discount is given to

    Explanation and discussion

  11. Question 31· Documents used in trade· WAEC

    In foreign trade, the document of title to goods shipped by sea is the

    Explanation and discussion

  12. Question 32· Documents used in trade· WAEC

    A pro forma invoice may be sent

    Explanation and discussion

  13. Question 33· Documents used in trade· WAEC

    A document sent by a buyer to ask a seller for prices and terms is

    Explanation and discussion

  14. Question 34· Documents used in trade· JAMB

    A catalogue is

    Explanation and discussion

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