WAEC Commerce 2017 Theory — Question 15

Question 15 of 16 from the West African Examinations Council (WAEC) Commerce 2017 Theory paper, with the correct answer and a full explanation.

8(a) Write the following commercial abbreviations in full: (i) C.O.D (ii) C.I.F (iii) F.O.B (iv) E & O.E

Model answer

(i) C.O.D means Cash on Delivery (ii) C.I.F means Cost, Insurance and Flight (Freight) (iii) F.O.B means Free on Board (iv) E & O.E means Errors and Omissions Excluded

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