Commerce Past Questions And Answers
Musa obtains wool from his sheep, spins and transforms it into cloth which he sells to consumers. This is a form of
- A. vertical integration
- B. horizontal integration
- C. forward intergration
- D. backward integration
A major advantage of a cooperative society is that it?
- A. gives members the opportunity to unite
- B. draws members closer to government
- C. promotes awareness among members
- D. encourages thirft among members
The Board of Directors of Public corporation is appointed by the
- A. government
- B. shareholders
- C. management
- D. employees
Write explanatory notes on each of the following terms as used in insurance:
(a) Subrogation;
(b) Proximate cause;
(c) Barratry;
View Discussion (0)WAEC 2015 THEORYWhich of the following is a function of employers’ associate?
- A. undertaking research on behalf of employees
- B. promotion of thrift in workers
- C. promotion of workers' welfare
- D. Dissemination of information through sponsored journals
An agreement to sell is distinguishable from sale because in the former, the transfer of goods is
- A. not anticipated
- B. not discussed
- C. deferred
- D. immediate
The initial function of a manager is
- A. setting up an organisation
- B. coordinating
- C. planning
- D. provision of welfare package
The principle which requires the insurance company to disclose to the proposer all material facts of the risk to be covered is
- A. uberrimae fidei
- B. subrogation
- C. contribution
- D. proximate cause
A major hindrance to tourism growth in Nigeria is?
- A. absence of genunie tour operators
- B. lack of tourism master plan
- C. inadequate tourist centres
- D. non-compliance to immigration laws
The business environment that takes into account the age distribution, ethic mix and educational level of the consumer is
- A) natural environment
- B) cultural environment
- C) economic environment
- D) demographic environment