Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
A house insured against damaged by flood was burnt down and the owner had a claims. Which of the following prevented him from making any claim? The principle of
Aindemnity
Bsubrogation
Cinsurable interest
Dproximate cause
Eutmost good faith
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Question 42
waec1991
The market for short term loans is known as the?
Acapital market
Bdiscount market
Cmoney market
Dstock market
Eopen market
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Question 43
waec1991
Which shares are sold Ex-div it means that the?
Abuyer is entitled to any dividend which may be declared
Bshares are sold at per
Cshares are sold at a premium
Dsellers has the right to the next dividend
Eshares are sold at a loss
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Question 44
waec1991
Which of the following refers to sale promotion?
ANon- personal presentation of a product
BOffering free samples of products
CProviding information about a company and its product
DDirect contact with the ultimate buyer
EGathering information about a product
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Question 45
waec1991
The interplay of such variables as product, price, distribution and promotion is known as?
Athe distribution mix
Bmarket segmentation
Cthe market mix
Dthe marketing concept
Eproduce mix
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Question 46
waec1991
QWhen a number of insurers are liable under one given policy, the principle of insurance that applies is/
Aindemnity
Bsubrogation
Cabandonment
Dcontribution
Eproximate cause
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Question 47
waec1991
The method by which insurance companies spread their risk to other insurance companies is called?
Adouble insurance
Bunder-insurance
Cre - insurance
Dover- insurance
Eunderwriting
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Question 48
waec1991
Patent Right gives the owner the exclusive right to?
Aproduce any type of goods
Bhis invention
Cform a new business
Dsell to other maunfacturer
Eproduce the same goods with other manufacturers
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Question 49
waec1991
Activities aimed at creating an image foe an organization are known as?
Aadvertising
Bmarket research
Cpublic relation
Dexhibition
Emass marketing
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Question 50
waec1991
The ship owner's receipt for the goods accepted for carriage in a ship is called?
Aship manifest
Bcharter party
Cmate's receipt
Dbill of exchange
Ebill of lading
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Question 51
waec1991
If a seller discovers that he had under charged a buyer, which of the following documents will use to correct the error?
AA promissory note
BA credit book
CAn advice note
DA debit note
EA statement of account
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Question 52
waec1991
Which of the following deals with the problems involved in selling of a particular product?
AMarket research
BMarket segmentation
CMarket sharing
DMarketing research
EMerchandising
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Question 53
waec1991
When more shares are applied for than are offered for sale the offer is said to be over?
Aissued
Bfloated
Csubscribed
Dvalued
Etraded
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Question 54
waec1991
In winding-up a company, the assets of the company are vested in the hands of the?
Areceiver
Bliquidator
Cregistrar of companies
Ddirectors of companies
Ethe government
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Question 55
waec1991
The advantage road transport has over other means of transport is that?
Aintermediate terminal handling is eliminated by door-to-door delivery
Bspecialised vehicles can be used to carry certain goods
Cpackaging is very easy as experts handle it
Dcanteen services are provided
Eweather conditions do not affect it
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Question 56
waec1991
Turnover may be increased by?
Aincreasing prices and product differentiation
Badvertising and cutting prices
Crefusing credits and customer services
Dincreasing the mark-up
Estocking very expensive goods
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Question 57
waec1991
In which of the following classes of occupation would you place a commerce teacher?
ACommercial
BExtractive
CDirect service
DManufacturing
EConstruction
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Question 58
waec1991
Which of the following is concerned with obtaining raw materials from their natural locations?
