WAEC Past Questions and Answers - Page 66

326.

In sea transport, vessels that operate on fixed routes and schedules are called?

A.

ferries

B.

yachts

C.

liners

D.

tramps

Correct answer is C

No explanation has been provided for this answer.

327.

Which of the following carries specialized goods?

A.

Liner

B.

Tramp

C.

Ferry

D.

Tanker

Correct answer is D

No explanation has been provided for this answer.

328.

The net profit is calculated as

A.

sales less purchases

B.

sale less expenses

C.

gross profit less expenses

D.

gross profit less purchases

Correct answer is C

No explanation has been provided for this answer.

329.

The amount paid regularly by the assured to the insurer is

A.

dividend

B.

premium

C.

interest

D.

indemnity

Correct answer is B

No explanation has been provided for this answer.

330.

A business that is independent of its owners is a

A.

sole proprietorship

B.

partnership

C.

limited liability company

D.

co-operative society

Correct answer is C

No explanation has been provided for this answer.