Waec Commerce 2010 Past Questions and Answers

Question 36:

• WAEC 2010

Which of the following is not an advantage of partnership?

A. Diversified managerial talents
B. Greater financial resources
C. Freedom to terminate business
D. Account is not made public

Question 37:

• WAEC 2010

Which of the following is used for a single payment of many people at the same time through a bank instead of writing separate cheques?

A. Debit transfer
B. Credit transfer
C. Certified cheque
D. Crossed cheque

Question 38:

• WAEC 2010

The legal document that gives a individual power to protect his own piece of invention is called

A. Copyright
B. License
C. Patent right
D. Trademark

Question 39:

• WAEC 2010

A mortgage bank is primarily concerned with financing the acquisition of

A. Motor vehicle
B. Research equipment
C. Computer machine
D. Dwelling houses

Question 40:

• WAEC 2010

The work of actuaries is to

A. Underwrite insurance risks
B. Calculate insurance premiums
C. Settle insurance claims
D. Assess profits for insurance companies