Waec Commerce 1991 Past Questions and Answers

Question 21:

• WAEC 1991

Which of the following refers to sale promotion?

A. Non- personal presentation of a product
B. Offering free samples of products
C. Providing information about a company and its product
D. Direct contact with the ultimate buyer
E. Gathering information about a product

Question 22:

• WAEC 1991

Which shares are sold Ex-div it means that the?

A. Buyer is entitled to any dividend which may be declared
B. Shares are sold at per
C. Shares are sold at a premium
D. Sellers has the right to the next dividend
E. Shares are sold at a loss

Question 23:

• WAEC 1991

The market for short term loans is known as the?

A. Capital market
B. Discount market
C. Money market
D. Stock market
E. Open market

Question 24:

• WAEC 1991

A house insured against damaged by flood was burnt down and the owner had a claims. Which of the following prevented him from making any claim? The principle of

A. Indemnity
B. Subrogation
C. Insurable interest
D. Proximate cause
E. Utmost good faith

Question 25:

• WAEC 1991

The practice of selling in foreign markets at less than cost price is known as?

A. Fair trading
B. Over-invoicing
C. Smugging
D. Hedging
E. Dumping