WAEC Commerce Past Questions & Answers - Page 92

456.

The people involved in the formation of new companies are called?

A.

members

B.

directors

C.

shareholders

D.

promoters

Correct answer is C

No explanation has been provided for this answer.

457.

Which of the following is a function of a stock brokerGiving investment advice

A.

Provision of short-term capital

B.

Giving investment advice

C.

Regulation of stock exchange practices

D.

Granting of loans to investors

Correct answer is D

No explanation has been provided for this answer.

458.

When a quotation is marked C.W.O , it means

A.

no credit facility is allowed

B.

no discount is allowed

C.

the buyer should beware

D.

the seller should beware

Correct answer is A

No explanation has been provided for this answer.

459.

Time policy in insurance is associated with

A.

motor vehicles

B.

ships at sea

C.

life endowment

D.

goods in transit

Correct answer is D

No explanation has been provided for this answer.

460.

A retail outlet is described as a multiple shop when it

A.

has many shops under one roof

B.

sells goods which are not standardized

C.

sells through catalogue

D.

deals in one line of goods

Correct answer is A

No explanation has been provided for this answer.