Waec Commerce Past Questions and Answers

Question 266:

• WAEC 1991

When a share is bought at a rate below the par value, it is said to have been sold?

A. At a discount
B. Cum div
C. At a premium
D. Ax-div
E. Pro-rata

Question 267:

• WAEC 1991

Which of the following is a function of marketing?

A. Manufacturing
B. Quality control
C. Book-keeping
D. Distribution
E. Extraction

Question 268:

• WAEC 1991

The principle of subrogation in insurance means that?

A. The insured could make profit from his loss
B. The insured must be fully indemnified
C. Those insured should pool their risks
D. Parties to the insurance contract must reveal all relevant facts
E. The insurer takes the place of the insured in respect of claims due from third paarties

Question 269:

• WAEC 1991

Which of the following are the important functions of any organization?

A. Planning, Marketing, Finance and Personnel Management
B. Planning, Organizing, Controlling and Motivating
C. Planning, Production, Controlling anf Marketing
D. Planning, Personnel, Organizing and Motivating
E. Planning, Staffing, Building and Warehouse

Question 270:

• WAEC 1991

Which of the following are elements of the economic environment of business?

A. Government policy
B. Norm and value
C. Politics
D. Inflation and unemployment
E. Family and peer groups