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1356
Mr Ojo borrowed N54,000 from a Commercial bank and deposited his life assurance certificate with the bank. The certificate deposited serves as?
  • A. a loan repayment
  • B. a current asset
  • C. an interest charged
  • D. a collateral society
  • E. a part of payment
View Answer & Discuss WAEC 1995
1357
When an insurance policy is cleared void because of a false declaration the principle involved is?
  • A. indemnity
  • B. insurable interest
  • C. proximate cause
  • D. utmost good and favour ''?
View Answer & Discuss WAEC 1995
1358

The nominal value of share of a public limited limited company is 50k and the market value is 65k. The company's share is selling?

  • A. above par value
  • B. at par value
  • C. below par value
  • D. ex dividend
  • E. cum dividend
View Answer & Discuss (2) WAEC 1995
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1359
Opening the stock plug plus purchase of less closing the stock gives?
  • A. the rate of turnover
  • B. cost of goods sold
  • C. working capital
  • D. net profit
  • E. gross profit
View Answer & Discuss WAEC 1995
1360
Which of the following best describes commerce?
  • A. Buying and selling goods and services
  • B. Buying, selling and distribution and services
  • C. Preserving goods until they are needed
  • D. Making goods and services known to people
View Answer & Discuss WAEC 2001
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