cameroon gce O level June 2023 commerce 1

cameroon gce O level June 2023 commerce 1

cameroon gce O level June 2023 commerce 1

An auxiliary to trade that enables goods to
be available when and where needed is;
A Advertising.
B Insurance.
C Transport.
D Warehousing. A document used to correct an error of
Overcharge in an invoice is called;
A Delivery note.
B Debit note.
C Consignment note.
D Credit note.
10.
2. Which retail trader sells goods to consumers
on a door–to–door basis?
A Hawker.
B Retailer.
C Mobile shop.
D Road side trader. The abbreviation E&OE is printed in which of
the following trade documents?
A Statement of account.
B Invoice.
C Credit note.
D Debit note.
1 1 .
What is the reward to an entrepreneur?
A Interest.
B Dividends.
C Rents.
D Profits.
J .
is also called “shop of shops”.
A Department stores.
B Multiple shops.
C Mail order business.
D Hypermarkets.
12.
4. The process of change of forms of goods is by;
A Industry.
B Commerce.
C Manufacturing.
D Direct services. A transport mode that is flexible over short
distances is;
A Road.
B Sea.
C River transport.
D Air. •
13.
5. “LTD” at end of a company’s name signifies?
A Private corporation.
B Public corporation.
C Private company.
D Public company.
6. Which of the following retail outlets occupies
the largest space?
A Supermarket.
B Tied shop.
C Chain stores.
D Hypermarket.
Cheques that can be cashed by anyone are;
A Order cheques.
B Bearer’s cheques.
C Certified cheques.
D Blank cheques.
Current assets less creditors equals;
A Capital owned.
B Working capital.
C Capital employed.
D Circulating capital.
14.
15.
Which document provides a summary of
transactions at the end of every trading period?
A Invoice.
B Statement of account.
C Bank statement of account.
D Pro forma invoice.
7.
16. An order to an agent to buy goods from a
named manufacturer is called;
A Indent.
B Open indent.
C Closed indent.
D Forwarding agent.
8. State a restriction on foreign trade that does
not generate income;
A Tariffs.
B Quotas.
C Embargo.
D Customs duty. 17. In a cheque transaction identify the payee;
A Account holder.
B Creditor.
C Bank.
D Drawer