Waec Commerce Past Questions and Answers

Question 226:

• WAEC 1991

The method by which insurance companies spread their risk to other insurance companies is called?

A. Double insurance
B. Under-insurance
C. Re - insurance
D. Over- insurance
E. Underwriting

Question 227:

• WAEC 1991

QWhen a number of insurers are liable under one given policy, the principle of insurance that applies is/

A. Indemnity
B. Subrogation
C. Abandonment
D. Contribution
E. Proximate cause

Question 228:

• WAEC 1991

The interplay of such variables as product, price, distribution and promotion is known as?

A. The distribution mix
B. Market segmentation
C. The market mix
D. The marketing concept
E. Produce mix

Question 229:

• WAEC 1991

Which of the following refers to sale promotion?

A. Non- personal presentation of a product
B. Offering free samples of products
C. Providing information about a company and its product
D. Direct contact with the ultimate buyer
E. Gathering information about a product

Question 230:

• WAEC 1991

Which shares are sold Ex-div it means that the?

A. Buyer is entitled to any dividend which may be declared
B. Shares are sold at per
C. Shares are sold at a premium
D. Sellers has the right to the next dividend
E. Shares are sold at a loss