Waec Commerce 2005 Past Questions and Answers

Question 81:

• WAEC 2005

(a) State four reasons why transport is important to commerce.
(b) Explain three advantages and three disadvantages of air transport.

Question 82:

• WAEC 2005

List and explain five functions of marketing.

Question 83:

• WAEC 2005

Explain the following terms used in insurance:
(a) surrender value
(b) cover note
(c) policy
(d) re-insurance
(e) group insurance

Question 84:

• WAEC 2005

List and explain five methods used by the Central Bank to control the activities of the commercial banks.

Question 85:

• WAEC 2005

(a) State five characteristics of a limited liability company.
(b). Explain five sources of funds to a public limited company.