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Commerce 2012 WAEC Past Questions

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11

Which of the following is classified as invisible item in balance of payment?

  • A. import of goods
  • B. Salaries of expartriates
  • C. Export of groundnuts
  • D. Sale of equipment
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12

Collecting information on the taste of consumers and the extent of demand for a product is

  • A. market research
  • B. market segmentation
  • C. marketing mix
  • D. marketing concept
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13

Which of the following is not an insurance of indemnity

  • A. Life
  • B. Marine
  • C. Burglary
  • D. Fire
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14

The entitlement of a debenture holder from a company's income is known as

  • A. commission
  • B. interest
  • C. lien
  • D. dividend
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15

The collection of tariffs on imported goods is the function of

  • A. Ports Authority
  • B. Customs and Excise Authority
  • C. Clearing and Forwarding Agents
  • D. Export Promotion Council
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