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Commerce 2013 WAEC Past Questions

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6

Voyage policy insurance is associated with

  • A. fire
  • B. life
  • C. marine
  • D. burglary
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7

If a share is quoted ex-div, it means the new buyer would

  • A. get the next dividend
  • B. not get the next dividend
  • C. get a fixed dividend
  • D. not get any dividend
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8
Which of the following is not the function of commerce
  • A. the conversion of raw materials into semi-finished products
  • B. the conversion of semi-finished products into end products
  • C. Provision of services to customers
  • D. The exchange and distribution of goods and services
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9

Who among the following does not render direct service?

  • A. Teacher
  • B. Musician
  • C. Doctor
  • D. Retailer
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10

The last link in the production process is the

  • A. transporter
  • B. wholesaler
  • C. consumer
  • D. retailer
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