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Commerce 1991 WAEC Past Questions

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56
A'bear' on the stock exchanges sells share in anticipation of?
  • A. a fall in price
  • B. a rise in price
  • C. a change in price
  • D. the liquidation of the company concerned
  • E. new issues
View Answer & Discuss WAEC 1991
57
When a share is bought at a rate below the par value, it is said to have been sold?
  • A. at a discount
  • B. cum div
  • C. at a premium
  • D. ax-div
  • E. pro-rata
View Answer & Discuss WAEC 1991
58
Which of the following is a function of marketing?
  • A. manufacturing
  • B. quality control
  • C. book-keeping
  • D. distribution
  • E. extraction
View Answer & Discuss WAEC 1991
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59
The principle of subrogation in insurance means that?
  • A. the insured could make profit from his loss
  • B. the insured must be fully indemnified
  • C. those insured should pool their risks
  • D. parties to the insurance contract must reveal all relevant facts
  • E. the insurer takes the place of the insured in respect of claims due from third paarties
View Answer & Discuss WAEC 1991
60
Which of the following are the important functions of any organization?
  • A. Planning, Marketing, Finance and Personnel Management
  • B. Planning, Organizing, Controlling and Motivating
  • C. Planning, Production, Controlling anf Marketing
  • D. Planning, Personnel, Organizing and Motivating
  • E. Planning, Staffing, Building and Warehouse
View Answer & Discuss WAEC 1991
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