WAEC Past Questions and Answers - Page 527

2,631.

The worth of a life insurance policy be maturity date is known as?

A.

principal value

B.

surrender value

C.

accumulated value

D.

prepaid value

E.

accrued value

Correct answer is B

No explanation has been provided for this answer.

2,632.

Prior to the issue of a certificate on a motor insurance contract, the insured is issued with?

A.

a licence of insurance

B.

insurance policy certificate

C.

a cover note

D.

a simple receipt

E.

an invoice

Correct answer is C

No explanation has been provided for this answer.

2,633.

Which of the following is not an attribute of an effective business manager?

A.

Empathy

B.

Subjectivity

C.

Altrumism

D.

Objectivity

E.

self awareness

Correct answer is B

No explanation has been provided for this answer.

2,634.

The critical factor in organizing a business is?

A.

money

B.

capital

C.

machinery

D.

management

E.

control

Correct answer is D

No explanation has been provided for this answer.

2,635.

Branding is a good example of?

A.

informative advertising

B.

marketing mix

C.

persuasive advertising

D.

consumerism

E.

competitive advertising

Correct answer is E

No explanation has been provided for this answer.