Waec Commerce Past Questions
Question 36
Which of the following is not connected with after-sales services?
- A. Installment
- B. Granting trade discount
- C. Providing spare parts
- D. Repairing of product
- E. Replacing damaged goods
Question 37
Which of the following is not a feature of hire purchase?
- A. Customer pays initial deposit
- B. Customer pays purchase price plus interest
- C. Payment is by instalment
- D. Ownership of goods passes to the customer on payment of a deposit
- E. Generally suitable for sales of durable goods
Question 38
The speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a
- A. bull
- B. jobber
- C. bear
- D. stag
- E. broker
Question 39
Which of the following shows the quality of money
- A. Ability to represent both small and large values
- B. Used for deffered payments
- C. Used as a unit for account
- D. Facilitating exchange
- E. Serving as a store of wealth
Question 40
If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of
- A. utmost good faith
- B. subrogation
- C. insurable interest
- D. indemnity
- E. contribution
