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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 266:

When a share is bought at a rate below the par value, it is said to have been sold?

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A At a discount
B Cum div
C At a premium
D Ax-div
E Pro-rata

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Question 267:

Which of the following is a function of marketing?

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A Manufacturing
B Quality control
C Book-keeping
D Distribution
E Extraction

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Question 268:

The principle of subrogation in insurance means that?

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A The insured could make profit from his loss
B The insured must be fully indemnified
C Those insured should pool their risks
D Parties to the insurance contract must reveal all relevant facts
E The insurer takes the place of the insured in respect of claims due from third paarties

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Question 269:

Which of the following are the important functions of any organization?

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A Planning, Marketing, Finance and Personnel Management
B Planning, Organizing, Controlling and Motivating
C Planning, Production, Controlling anf Marketing
D Planning, Personnel, Organizing and Motivating
E Planning, Staffing, Building and Warehouse

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Question 270:

Which of the following are elements of the economic environment of business?

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A Government policy
B Norm and value
C Politics
D Inflation and unemployment
E Family and peer groups

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