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2911
Kate insured her fancy store for losses arising from burglary. The store was later burnt down. Which insurance principle denied her compensation?
  • A. Contribution
  • B. indemnity
  • C. Proxirnate cause
  • D. Subrogation
  • E. Utmost good faith
View Answer & Discuss NECO 2004
2912
Which of the following best describes span of control
  • A. Directors in an organisation
  • B. Financial controllers within an organisation
  • C. Shareholders in a company
  • D. Subordinates that an executive supervises
  • E. Subordinates who can work on their own
View Answer & Discuss NECO 2004
2913
Goods are given utility by
  • A. changing their forms and location
  • B. consuming them
  • C. costing their value
  • D. numbering and counting them
  • E. packing and measuring them
View Answer & Discuss NECO 2004
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2914
Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?
  • A. Credit note
  • B. Debit note
  • C. Delivery note
  • D. Invoice
  • E. Quotation
View Answer & Discuss NECO 2004
2915
Which of the following is a non-insurable risk
  • A. Cash-in-transits
  • B. Consequential loss
  • C. Fire
  • D. Home accidents
  • E. Speculative venture
View Answer & Discuss NECO 2004
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