Commerce Past Questions And Answers
A transporter who had to sell some perishable goods without the prior authority of the owner becomes an agent by?
- A. conduct
- B. necessity
- C. ratification
- D. estoppel
When 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
The primary memory component of a computer is the
- A. console
- B. cache
- C. compliers
- D. assemblers
Initial public offering is undertaken through the
- A) primary securities market
- B) Secondary securities market
- C) first-tier securities market
- D) second-tier securities market
The document issued to a public company allowing it to commence business is the?
- A. Article of association
- B. certificate of incorporation
- C. memorandum of association
- D. certificate of trading
(a) State four steps that can be taken by a customer opening a current account.
(b) Explain six functions of commercial banks.
View Discussion (0)WAEC 2010 THEORYThe purpose of of issuing a credit note is to?
- A. correct errors of overcharging
- B. correct errors of undercharging
- C. write off bad debts
- D. encourage immediate payment
Public enterprises are financed mainly by
- A. the shareholders
- B. commercial banks
- C. government grants
- D. The World Bank
A manufacturer can make his product distinguishable from those of other competitors by
- A. providing catalogues for his wholesalers
- B. aggressive sale ppromotion
- C. branding and packaging the product
- D. selling the product at a much lower price
The practice by which insurance companies share risks with other insurance companies is
- A. contribution
- B. re-insurance
- C. insurance
- D. underwriting