Waec Commerce 2005 Past Questions and Answers

Question 71:

• WAEC 2005

A distinctive feature of a personal selling is the

A. Face to face meeting of seller and buyer
B. Selling of cheap items only
C. Sale of industrial goods only
D. Hawking of goods

Question 72:

• WAEC 2005

The practice whereby a firm prepays the postage for the response of its customers is known as

A. Express delivery
B. Post restante
C. Recorded delivery service
D. Business reply service

Question 73:

• WAEC 2005

Which of the following is not provided by the post office?

A. Recorded delivery service
B. Business reply service
C. Express delivery service
D. After sales service

Question 74:

• WAEC 2005

Which of the following is not a principle of insurance

A. Indemnity
B. Insurable risk
C. Subrogation
D. Insurable interest

Question 75:

• WAEC 2005

Which of the following terms is used in marine insurance when the cargo suffers partial loss?

A. General Average
B. Particular Average
C. Floating Policy
D. Open Cover