WAEC Commerce 2012 Objective — Question 42

Question 42 of 50 from the West African Examinations Council (WAEC) Commerce 2012 Objective paper, with the correct answer and a full explanation.

Which of the following arrangement of documents is the correct sequence as is used in the retail trade? I. Quotation II. Enquiry III. Order IV. Invoice

A. I, II, III and IV
B. II, III and I and IVCorrect
C. III, I, II and IV
D. I, III, IV and II

Explanation

When enquiry is made, the seller will send quotations to the enquiry and then the buyer will place order and the seller will send invoice for goods ordered.

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