WAEC Past Questions and Answers - Page 503

2,511.

Which of the following is an insurance principle?

A.

Endowment

B.

Premium

C.

Proximate cause

D.

Fidelity guarantee

E.

surrender value

Correct answer is C

No explanation has been provided for this answer.

2,512.

All advertising campaigns foe consumer goods must pay attention to?

A.

cinema advertising

B.

radio advertising

C.

point of sale

D.

door to door sale

E.

neon signs

Correct answer is C

No explanation has been provided for this answer.

2,513.

The management function of anticipating the future determining the best course action to achieve company objective is?

A.

directing

B.

organizing

C.

controlling

D.

planning

E.

consulting

Correct answer is D

No explanation has been provided for this answer.

2,514.

Paul was very confident that Philemon would grant his request because

A.

Philemon was his former slave

B.

His imprisonment will arouse Philemon’s sympathy and compliance

C.

Philemon had proved himself a true Christian partner

D.

Paul promised to pay back all debts owed by Onesimus

E.

Onesimus had been a faithful servant

Correct answer is C

No explanation has been provided for this answer.

2,515.

The last link in the chain of distribution is the?

A.

wholesaler

B.

retailer

C.

consumer

D.

factor

E.

advertiser

Correct answer is B

A distribution channel is a chain of businesses or intermediaries through which a good or service passes until it reaches the end consumer. It can include manufacturer ==> wholesalers ==>retailers==> consumers.

The chain of distribution always ends at the point where goods and services get to the final consumer and the retailer is that "last link'' that connects the goods to the consumer.

The word "link" means connection. Hence, the retailer is the last connection, (not the consumer) because the consumer is the final receiver and not a connector or giver.