Waec Commerce 2014 Past Questions and Answers

Question 26:

• WAEC 2014

The throwing of goods over board to prevent a ship from sinking is known as

A. Floatsam
B. Abandonement
C. Jettison
D. Particular average

Question 27:

• WAEC 2014

In insurance, risks that have no statistics for their calculations are

A. Insurable risks
B. Certain risks
C. Un-insurable risks
D. Uncertain risks

Question 28:

• WAEC 2014

The practice of selling goods in foreign countries at lower prices than obtainable int he exporting country is known as

A. Entrepot trade
B. Dumping
C. Hedging
D. Counter trade

Question 29:

• WAEC 2014

The entertainment industry is classified under

A. Extractive industry
B. Manufacturing industry
C. Constructive industry
D. Commercial industry

Question 30:

• WAEC 2014

Buying on impulse is encouraged by

A. Co-operative shops
B. Hawkers
C. Supermarket
D. Mail order firms