Waec Commerce 1993 Past Questions and Answers

Question 46:

• WAEC 1993

An association of local,independent retailers formed to encourage buying in bulk from manufacturers is known as?

A. Voluntary chain
B. Producer co-operative society
C. Multiple store
D. Departmental store
E. Hypermarket

Question 47:

• WAEC 1993

Third party insurance covers, damages?

A. To both passengers and the vehicle
B. Caused by the vehicle insured
C. To all parties concerned
D. To both vehicles involved
E. To the insured vehicle only

Question 48:

• WAEC 1993

A bank may dishonour a cheque if?

A. It is not crossed
B. An alteration on the cheque is initiated
C. The amount on the cheque is less than the amount in the account
D. It has been endorsed to a third party
E. The amount on the cheque is more than the amount in the account

Question 49:

• WAEC 1993

Which of the following is not one of the 4m's of business resources?

A. Method
B. Men
C. Money
D. Material
E. Machine

Question 50:

• WAEC 1993

The charge paid for failing to off-load a vehicle within a stipulated time is called?

A. Freight
B. Demurrage
C. Fine
D. Fare
E. Floating charge