WAEC Commerce Past Questions & Answers - Page 154

766.

Which of the following is not considered when siting a retail shop?

A.

Advertising

B.

Rent

C.

Accessibilty

D.

Target population

E.

Proximity to source of supply

Correct answer is A

No explanation has been provided for this answer.

767.

Which of the following is not covered by fire insurance policy?

A.

Consequential loss

B.

Gas explosion

C.

Domestic boilers

D.

Lightning

E.

Kerosene explosion

Correct answer is D

No explanation has been provided for this answer.

768.

The insurance principle which expects the insured and the insurer to disclose all facts about a proposed contract is called

A.

uberrimae fidei

B.

indemnity

C.

proximate cause

D.

insurable interest

E.

contribution

Correct answer is A

No explanation has been provided for this answer.

769.

The Stock Exchange does not deal in

A.

shares

B.

treasury bills

C.

debentures

D.

stocks

E.

bonds

Correct answer is B

No explanation has been provided for this answer.

770.

The compensation given to brokers who sell shares to jobbers is called

A.

premium

B.

commission

C.

salary

D.

interest

E.

dividend

Correct answer is B

No explanation has been provided for this answer.