WAEC Commerce Past Questions & Answers - Page 165

821.

Which of the following functions may not be performed by a whole saler?

A.

Transporting

B.

Warehousing

C.

Financing

D.

Branding

E.

Manufacturing

Correct answer is E

No explanation has been provided for this answer.

822.

Which of the following services is not rendered by NIPOST

A.

Express delivery

B.

Recorded delivery

C.

Parcel post

D.

Telephone

E.

Cash delivery

Correct answer is D

No explanation has been provided for this answer.

823.

The sum of money the assurer is prepared to pay the assured in total discharge of a contract before its maturity is

A.

dividend

B.

premium

C.

annuity

D.

surrender value

E.

interest

Correct answer is D

No explanation has been provided for this answer.

824.

Management is

A.

getting things done through other people

B.

the implementation of business decision

C.

the number of levels in an organisation

D.

made up the general manager and the employees

E.

making goods available in places where they are needed

Correct answer is A

No explanation has been provided for this answer.

825.

A statement of account is a

A.

summary of goods sold to a customer for a particular item

B.

note to inform the customer of an addition to his business transaction

C.

standard letter sent to customers who have not settled their bills

D.

statement of acceptance of credit facilities to a customer

E.

summary of a customer's transactions over a given period

Correct answer is E

No explanation has been provided for this answer.