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Commerce 2010 WAEC Past Questions

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36

The legal document that gives a individual power to protect his own piece of invention is called

  • A. copyright
  • B. license
  • C. patent right
  • D. trademark
View Answer & Discuss WAEC 2010
37

A mortgage bank is primarily concerned with financing the acquisition of

  • A. motor vehicle
  • B. research equipment
  • C. computer machine
  • D. dwelling houses
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38

The work of actuaries is to

  • A. underwrite insurance risks
  • B. calculate insurance premiums
  • C. settle insurance claims
  • D. assess profits for insurance companies
View Answer & Discuss (1) WAEC 2010
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39

Government financial grants is a source of capital to a

  • A. partnership
  • B. public limited company
  • C. public corporation
  • D. co-operative society
View Answer & Discuss WAEC 2010
40

Which of the following is not a feature of co-operative society?

  • A. Owners are the customers
  • B. Capital can be repaid to a member
  • C. Votes are according to shares held
  • D. Dividend is based on patronage
View Answer & Discuss WAEC 2010
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