WAEC Past Questions and Answers - Page 177

881.

The commercial term "Caveat emptor" means, Let the

A.

buyer beware

B.

seller beware

C.

manufacturer beware

D.

account be settled

E.

endorser be careful

Correct answer is A

No explanation has been provided for this answer.

882.

Which of the following functions may not be performed by a whole saler?

A.

Transporting

B.

Warehousing

C.

Financing

D.

Branding

E.

Manufacturing

Correct answer is E

No explanation has been provided for this answer.

883.

Which of the following services is not rendered by NIPOST

A.

Express delivery

B.

Recorded delivery

C.

Parcel post

D.

Telephone

E.

Cash delivery

Correct answer is D

No explanation has been provided for this answer.

884.

The sum of money the assurer is prepared to pay the assured in total discharge of a contract before its maturity is

A.

dividend

B.

premium

C.

annuity

D.

surrender value

E.

interest

Correct answer is D

No explanation has been provided for this answer.

885.

Management is

A.

getting things done through other people

B.

the implementation of business decision

C.

the number of levels in an organisation

D.

made up the general manager and the employees

E.

making goods available in places where they are needed

Correct answer is A

No explanation has been provided for this answer.