Waec Commerce 2010 Past Questions and Answers

Question 11:

• WAEC 2010

The selling of articles from place to place on foot is

A. Mail order
B. Itinerant trading
C. Barter
D. Self service

Question 12:

• WAEC 2010

A company whose shares are not easily transferable is a

A. Private limited company
B. Public limited company
C. Public corporation
D. Company limited by guarantee

Question 13:

• WAEC 2010

Which of the following must be stated in the article of association?

A. The objects of the company
B. The registered office address of the company
C. The method of issue and transfer of shares
D. Statement that liabilities are limited

Question 14:

• WAEC 2010

Which of the following insurance principles states that a person must be in a position to suffer financially in the event of a loss?

A. Proximate cause
B. Indemnity
C. Insurable interest
D. Subrogation

Question 15:

• WAEC 2010

Catalogs are mostly used by

A. Chain stores
B. Department stores
C. Mail order firms
D. Supermarkets