WAEC Commerce 2012 Objective — Question 37

Question 37 of 50 from the West African Examinations Council (WAEC) Commerce 2012 Objective paper, with the correct answer and a full explanation.

The document which specifies the manufacturer from whom goods are to be imported is a

A. closed indentCorrect
B. open indent
C. export invoice
D. consignment note

Explanation

A closed indent is an order that specifies the manufacturer from whom the goods must be bought. Note: In an open indent, the manufacturer from whom the goods should be bought is not specified. Therefore, the purchasing agent can buy from any manufacturer. Consignment note is an after purchase note. It is after the goods has been bought that the name of the manufacturer and the buyer are recorded in the consignment note for easy carriage and delivery.

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