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Commerce 1989 WAEC Past Questions

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11
The critical factor in organizing a business is?
  • A. money
  • B. capital
  • C. machinery
  • D. management
  • E. control
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12
Which o the following is not an attribute of an effective business manager?
  • A. Empathy
  • B. Subjectivity
  • C. Altrumism
  • D. Objectivity
  • E. self awareness
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13
Prior to the issue of a certificate on a motor insurance contract, the insured is issued with?
  • A. a licence of insurance
  • B. insurance policy certificate
  • C. a cover note
  • D. a simple receipt
  • E. an invoice
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14
The worth of a life insurance policy be maturity date is known as?
  • A. principal value
  • B. surrender value
  • C. accumulated value
  • D. prepaid value
  • E. accrued value
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15
Under the law of insurance, exemption causes?
  • A. enable the insurance to claim on the insurance company
  • B. protect the insurance company under the contract
  • C. guard against occurrence of the insured events
  • D. protect a third party under the contract
  • E. protect the insured against the insurance company
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