WAEC Past Questions and Answers - Page 122

606.

One advantage of direct selling is

A.

low cost

B.

immediate feedback

C.

mass appeal

D.

self-service

E.

speedy market coverage

Correct answer is B

No explanation has been provided for this answer.

607.

Which of the following guarantees payment on presentation?

A.

Certified cheque

B.

Crossed cheque

C.

Order cheque

D.

Bearer cheque

E.

Open cheque

Correct answer is D

No explanation has been provided for this answer.

608.

Which of the following is legally used by the insured while the policy is being processed?

A.

Cover note

B.

Proposal form

C.

Indemnity form

D.

Premium

E.

Claim Form

Correct answer is A

No explanation has been provided for this answer.

609.

In the capital structure of a Public Limited Company, the term equity refers to

A.

preference shares

B.

ordinary shares

C.

debentures

D.

stocks

E.

bonds

Correct answer is B

No explanation has been provided for this answer.

610.

XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.

XYZ Ltd's Net Profit is

A.

#58,000.00

B.

#38,000.00

C.

#24,000.00

D.

#22,000.00

E.

#20,000.00

Correct answer is E

No explanation has been provided for this answer.