Waec Commerce 2000 Past Questions and Answers

Question 31:

• WAEC 2000

When an insurance company indemnifies the insured and takes over his rights, this is known as?

A. Abandonment
B. Subrogation
C. Proximate cause
D. Contribution

Question 32:

• WAEC 2000

When an insurance company indemnifies the insured and takes over his rights, this is known as?

A. Abandonment
B. Subrogation
C. Proximate cause
D. Contribution

Question 33:

• WAEC 2000

In a public Limited Liability Companies, equities are referred to as?

A. Preference shares
B. Authorized capital
C. Ordinary shares
D. Called-up capital

Question 34:

• WAEC 2000

In a public Limited Liability Companies, equities are referred to as?

A. Preference shares
B. Authorized capital
C. Ordinary shares
D. Called-up capital

Question 35:

• WAEC 2000

The method of sending message by the teleprinter?

A. Telephone
B. Cable gram
C. Telex
D. Railex