JAMB and WAEC Commerce questions: Warehousing

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

1. Question 21· Warehousing· WAEC

   A dock warrant is a

   • Ainsurance claim
   • Bbank cheque
   • Cdocument of title to goods stored at a dock warehouse
   • Dbill of exchange

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2. Question 22· Warehousing· WAEC

   Cold storage warehouses are used for

   • Afurniture
   • Bcement
   • Ctextiles
   • Dperishable goods such as fish and meat

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3. Question 23· Warehousing· WAEC

   Warehousing creates which kind of utility?

   • Ano utility
   • Bplace utility
   • Cform utility
   • Dtime utility

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4. Question 24· Warehousing· WAEC

   Warehousing mainly creates

   • Atime utility
   • Bplace utility
   • Cform utility
   • Dpossession utility

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5. Question 25· Warehousing· WAEC

   A warehouse where imported goods are stored until customs duty is paid is a

   • Acold room
   • Bprivate warehouse
   • Cpublic warehouse
   • Dbonded warehouse

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6. Question 26· Warehousing· JAMB

   A feature of a good warehouse is

   • Adistance from roads
   • Bno roof
   • Csecurity and suitable storage conditions
   • Dopen doors always

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7. Question 27· Warehousing· JAMB

   A warehouse owned by a manufacturer for keeping its own finished goods is

   • Aa public warehouse
   • Ba bonded warehouse
   • Ca private warehouse
   • Da customs shed

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8. Question 28· Warehousing· JAMB

   Imported goods kept in a bonded warehouse may be released after the importer has

   • Apaid VAT to the retailer
   • Breceived an invoice
   • Cpaid the customs duty
   • Dreceived an insurance claim

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   Explanation and discussion