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Commerce 1996 WAEC Past Questions

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86
An insurance policy which benefits one's family only is in the event of one's death is known as
  • A. a comprehensive insurance
  • B. a whole-life insurance
  • C. an endowment policy
  • D. an annuity
  • E. a third party insurance
View Answer & Discuss WAEC 1996
87
One of the demerits of sole trading is
  • A. quick decision taking
  • B. flexibility in operation
  • C. unlimited liability
  • D. pride of ownership
  • E. ease of commencement
View Answer & Discuss WAEC 1996
88

A group of people in the same line of business who come together for the interest of its members is called

  • A. Chamber of Commerce
  • B. trade association
  • C. trade union
  • D. consortium
  • E. cartel
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89
A foreign order which instructs an agent to buy certain goods at a particular place called
  • A. letter of credit
  • B. letter of attorney
  • C. open indent
  • D. closed indent
  • E. bill of laden
View Answer & Discuss (1) WAEC 1996
90
The shares of XYZ Plc are quoted at the stock exchange by a jobber at 85k for k share. How much will Alabi, an investor who buys 500 shares pay?
  • A. #675.00
  • B. #425.00
  • C. #250.00
  • D. #175.00
  • E. #75.00
View Answer & Discuss WAEC 1996
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