WAEC Commerce Past Questions & Answers - Page 291

1,451.

The practice of selling in foreign markets at less than cost price is known as?

A.

fair trading

B.

over-invoicing

C.

smugging

D.

hedging

E.

dumping

Correct answer is E

No explanation has been provided for this answer.

1,452.

A house insured against damaged by flood was burnt down and the owner had a claims. Which of the following prevented him from making any claim? The principle of

A.

indemnity

B.

subrogation

C.

insurable interest

D.

proximate cause

E.

utmost good faith

Correct answer is D

No explanation has been provided for this answer.

1,453.

The market for short term loans is known as the?

A.

capital market

B.

discount market

C.

money market

D.

stock market

E.

open market

Correct answer is C

No explanation has been provided for this answer.

1,454.

Which shares are sold Ex-div it means that the?

A.

buyer is entitled to any dividend which may be declared

B.

shares are sold at per

C.

shares are sold at a premium

D.

sellers has the right to the next dividend

E.

shares are sold at a loss

Correct answer is D

No explanation has been provided for this answer.

1,455.

Which of the following refers to sale promotion?

A.

Non- personal presentation of a product

B.

Offering free samples of products

C.

Providing information about a company and its product

D.

Direct contact with the ultimate buyer

E.

Gathering information about a product

Correct answer is B

No explanation has been provided for this answer.