WAEC Commerce Past Questions & Answers - Page 250

1,246.

Which of the following is not one of the 4m's of business resources?

A.

Method

B.

Men

C.

Money

D.

Material

E.

Machine

Correct answer is A

No explanation has been provided for this answer.

1,247.

A bank may dishonour a cheque if?

A.

it is not crossed

B.

an alteration on the cheque is initiated

C.

the amount on the cheque is less than the amount in the account

D.

it has been endorsed to a third party

E.

the amount on the cheque is more than the amount in the account

Correct answer is E

No explanation has been provided for this answer.

1,248.

Third party insurance covers, damages?

A.

to both passengers and the vehicle

B.

caused by the vehicle insured

C.

to all parties concerned

D.

to both vehicles involved

E.

to the insured vehicle only

Correct answer is B

No explanation has been provided for this answer.

1,249.

An association of local,independent retailers formed to encourage buying in bulk from manufacturers is known as?

A.

voluntary chain

B.

producer co-operative society

C.

multiple store

D.

departmental store

E.

hypermarket

Correct answer is B

No explanation has been provided for this answer.

1,250.

The capital that is needed to meet the day-to-day running of a business is the?

A.

fixed capital

B.

reserved capital

C.

circulating capital

D.

liquid capital

E.

capital employed

Correct answer is C

No explanation has been provided for this answer.