Waec Commerce Past Questions and Answers

Question 1881:

• WAEC 2013

A term which describes the value of business connections made by a company over the years is known as

A. Patent
B. Copyright
C. Goodwill
D. Trade mark

Question 1882:

• WAEC 2013

The ancillary to trade which ensures that people have access to information pertaining to goods is

A. Insurance
B. Advertising
C. Warehousing
D. Banking

Question 1883:

• WAEC 2013

The insurance principle of indemnity does not apply to

A. Fire insurance
B. Life assurance
C. Burglary insurance
D. Marine insurance

Question 1884:

• WAEC 2013

Which of the following price quotations requires the buyer to take delivery at the manufacturer's warehouse?

A. Ex-works
B. F.O.R
C. F.O.B
D. D.F.A.S

Question 1885:

• WAEC 2013

To take an insurance policy, an applicant must first complete a/an

A. Proposal form
B. Cover note
C. Certificate of insurance
D. Advice note