Waec Commerce 2015 Past Questions and Answers

Question 1:

• WAEC 2015

The practice of giving a particular name to a product by a manufacturer is

A. Branding
B. Standardization
C. Publicity
D. Advertising

Question 2:

• WAEC 2015

The practice of giving a particular name to a product by a manufacturer is

A. Branding
B. Standardization
C. Publicity
D. Advertising

Question 3:

• WAEC 2015

An extra commission paid to an agent who guarantees credit sales made by him is?

A. Del credere
B. Guarantors fee
C. Jobber's turn
D. Brokerage

Question 4:

• WAEC 2015

A professional in insurance who evaluates the level of loss claims is

A. Adjuster
B. Accessor
C. Underwriter
D. An actuary

Question 5:

• WAEC 2015

The insurance services rendered to a foreign shipping company are treated as?

A. Invisible export
B. Invisible imports
C. Visible export
D. Balance of payment