WAEC Past Questions and Answers - Page 2535

12,671.

A risk considered as sub standard in future can be dealt with by insurers through

(i) premium loading (ii) double insurance (iii) excess imposition

A.

I and II

B.

I and III

C.

II and III

D.

I,II and III

Correct answer is B

premium loading; The amount an insurer needs to cover its expenses and generate profit.

 Excess imposition - Your insurer may impose a non-standard excess, because of the number of claims you have had, or other factors which may mean you are more likely to make a claim.

12,672.

Machine Language instructions are expressed in? 

A.

binary

B.

decimal

C.

hexadecimal

D.

octal

Correct answer is A

No explanation has been provided for this answer.

12,673.

The Windows PC and the Apple Macintosh are examples of two different?

A.

input devices

B.

platforms

C.

programs

D.

storage devices

Correct answer is C

No explanation has been provided for this answer.

12,674.

one of the steps taken by an insurer in claim settlement is to?

A.

investigate the loss

B.

assess the risk

C.

present a claim

D.

appoint loss assessor

Correct answer is B

Once you are injured in an accident, receiving compensation is more than just a simply filing a claim with the guilty party’s insurance.

Most of the time, there will be negotiating involved with the insurance company along with an extensive investigation of your claims. After all of this, insurance companies may still low-ball your claim, and knowing how to proceed can be very important.

12,675.

A suite of software that controls and manages the basic operation of a computer is?

A.

application Software

B.

management system

C.

software package

D.

system software

Correct answer is D

No explanation has been provided for this answer.