Waec Commerce 2002 Past Questions and Answers

Question 41:

• WAEC 2002

Which of the following types of cheque protects the holder against the risk of loss?

A. Open cheque
B. Bearer cheque
C. Post dated cheque
D. Crossed cheque

Question 42:

• WAEC 2002

Which of the following types of cheque protects the holder against the risk of loss?

A. Open cheque
B. Bearer cheque
C. Post dated cheque
D. Crossed cheque

Question 43:

• WAEC 2002

The grading of products to satisfy different buyers is referred to as?

A. Product mix
B. Product differentiation
C. Product concept
D. Product line

Question 44:

• WAEC 2002

If Baba is forced to agree go the terms of a contract at gun point, the contract is entered into?

A. Under duress
B. Through frustration
C. Through misrepresentation
D. By mistake

Question 45:

• WAEC 2002

A major reason why government regulate business activities is to?

A. Prevent producers from selling at profit
B. Providing employment to schools
C. Ensures fair practices and consumers protection
D. Force producers to export more goods