WAEC Commerce Past Questions & Answers - Page 79

391.

The staff responsible for the calculations of probability of losses in insurance is the

A.

Actuary

B.

Underwriter

C.

Broker

D.

Solicitor

Correct answer is A

No explanation has been provided for this answer.

392.

Which of the following is not required in the mail order business?

A.

Warehouse

B.

Catalogue

C.

Display room

D.

Post office

Correct answer is C

No explanation has been provided for this answer.

393.

A partnership cannot raise its capital by

A.

selling shares to the public

B.

personal contribution of partners

C.

admission of new partners

D.

undistributed profits

Correct answer is A

No explanation has been provided for this answer.

394.

Who among the following does not render direct service?

A.

Teachers

B.

Musicians

C.

Doctors

D.

Retailers

Correct answer is D

No explanation has been provided for this answer.

395.

Which of the following is classified as an extractive industry ?

A.

Digging for minerals

B.

Digging for roads building

C.

Canning of Tomatoe puree

D.

Assembling of cars

Correct answer is A

No explanation has been provided for this answer.