WAEC Past Questions and Answers - Page 42

206.

Which of the following is used to inform the addressee that he has a registered parcel for collection?

A.

Counterfoil

B.

Express label

C.

Slip

D.

Telegram

Correct answer is C

No explanation has been provided for this answer.

207.

Which of the following is not pre-sale service?

A.

Repair and maintenance work

B.

Providing detailed information about the goods to be purchased

C.

Demonstrating the use and performance of the products to be sold

D.

Setting up facilities for storing the product to be bought

Correct answer is A

Repair and maintenance work is an after sales service

208.

Payment to a ship owner for carrying one's cargo is

A.

demurrage

B.

fare

C.

dock due

D.

freight

Correct answer is D

Freight is a payment for goods transported in bulk by truck, train, ship, or aircraft.

209.

The reward received by a party in a contract agreement is known as

A.

consideration

B.

acceptance

C.

offer

D.

warranty

Correct answer is A

Consideration is a vital element in the law of contracts, consideration is a benefit which must be bargained for between the parties, and is the essential reason for a party entering into a contractpayment or money.

210.

When the government gives up its ownership and control of a business to individuals, this is known as

A.

nationalization

B.

commercialization

C.

privatization

D.

indigenization

Correct answer is C

privatization; is the transfer of a business, industry, or service from public to private ownership and control.