WAEC Commerce Past Questions & Answers - Page 151

751.

Which of the following is not true of branding?

A.

Facilitates identification of goods

B.

Leads to increased sales and deeper loyalty

C.

Makes market segmentation easier

D.

Encourages pilfering

E.

Facilitates advertising

Correct answer is D

No explanation has been provided for this answer.

752.

The difference between the total amount owed to a country and the total amount owed by it is

A.

trade surplus

B.

terms of trade

C.

trade gap

D.

balance of trade

E.

balance of payments

Correct answer is E

No explanation has been provided for this answer.

753.

Which of the following are true of a bill of lading? i. it is a means of payment in foreign trade. ii. it is document of title to goods. iii. it is a contract of carriage. iv. it is usually drawn in triplicate.

A.

i and iii only

B.

i, ii and iii only

C.

ii and iii only

D.

ii and iv only

E.

ii, iii and iv only

Correct answer is E

No explanation has been provided for this answer.

754.

The major disadvantage of pipeline transportation is that it

A.

does not involve toomuch labour

B.

reduces road congestion

C.

is fast

D.

is not easy to detect damages

E.

is not affected by weather

Correct answer is D

No explanation has been provided for this answer.

755.

Which of the following covers damages to the body of a ship and its machinery?

A.

Freight insurance

B.

Cargo insurance

C.

General average insurance

D.

Voyage policy

E.

Hull insurance

Correct answer is E

No explanation has been provided for this answer.