WAEC Commerce 1994 Question 70

Question 70

Foreign Trade Documents

Which of the following indicates the manufacturer from whom goods are to be bought?

  1. A.Open indent
  2. B.Closed indent
  3. C.Consignment note
  4. D.Export invoice
  5. E.Certificate of origin
Show the answer and explanation

Answer: B (Closed indent)

Explanation

A closed (specific) indent names the manufacturer to buy from.