WAEC Commerce Past Questions & Answers - Page 175

871.

Mr Chidi insured his house against fire. The house was destroyed by flood. Which of the following principles prevented him from being compensated?

A.

Uberrimae fidei

B.

Subrogation

C.

Indemnity

D.

Proximate cause

E.

Insurable interest

Correct answer is D

No explanation has been provided for this answer.

872.

Which of the following may serve as delivery note?

A.

Debit note

B.

Credit note

C.

Invoice

D.

Advice note

E.

Statement of account

Correct answer is C

No explanation has been provided for this answer.

873.

Specialization is possible as a result of

A.

good roads

B.

education

C.

demand for goods

D.

growth in population

E.

exchange

Correct answer is E

No explanation has been provided for this answer.

874.

Another name for consignment note is

A.

qoutation

B.

waybill

C.

debit note

D.

receipt

E.

credit note

Correct answer is B

No explanation has been provided for this answer.

875.

The department that deals with internal grievances and maintenance of discipline in an organization is the

A.

accounts

B.

maintenance

C.

personnel

D.

public relations

E.

productions

Correct answer is C

No explanation has been provided for this answer.