Waec Commerce 2005 Past Questions and Answers

Question 61:

• WAEC 2005

A retail outlet is described as a multiple shop when it

A. Has many shops under one roof
B. Sells goods which are not standardized
C. Sells through catalogue
D. Deals in one line of goods

Question 62:

• WAEC 2005

Time policy in insurance is associated with

A. Motor vehicles
B. Ships at sea
C. Life endowment
D. Goods in transit

Question 63:

• WAEC 2005

When a quotation is marked C.W.O , it means

A. No credit facility is allowed
B. No discount is allowed
C. The buyer should beware
D. The seller should beware

Question 64:

• WAEC 2005

Which of the following is a function of a stock broker

A. Provision of short-term capital
B. Giving investment advice
C. Regulation of stock exchange practices
D. Granting of loans to investors

Question 65:

• WAEC 2005

The people involved in the formation of new companies are called?

A. Members
B. Directors
C. Shareholders
D. Promoters