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The insurance services rendered to a foreign shipping company are treated as?

by Sunday | Mar 15 | Commerce WAEC

A. invisible export B. invisible imports C. visible export D. balance of payment Correct Answer: Option A A. invisible export Explanation Invisible export is Any export that does not have a tangible physical presence (e.g. expertise, insurance underwriting). Although...

A professional in insurance who evaluates the level of loss claims is?

by Sunday | Mar 15 | Commerce WAEC

A. adjuster B. accessor C. underwriter D. an actuary Correct Answer: Option D D. an actuary Explanation An actuary is a business professional who deals with the measurement and management of risk and uncertainty

An extra commission paid to an agent who guarantees credit sales made by him is?

by Sunday | Mar 15 | Commerce WAEC

A. del credere B. guarantors fee C. jobber’s turn D. brokerage Correct Answer: Option A A. del credere Explanation A del credere agency is a type of principal-agent relationship wherein the agent acts not only as a salesperson or broker for the principal, but...

The practice of giving a particular name to a product by a manufacturer is?

by Sunday | Mar 15 | Commerce WAEC

A. branding B. standardization C. publicity D. advertising Correct Answer: Option A A. branding Explanation Branding is the process of creating a strong, positive perception of a company, its products or services in the customer’s mind by combining such elements...

A distinctive symbol, title or design that readily identifies the company and its products is?

by Sunday | Mar 15 | Commerce WAEC

A. patent right B. trademark C. trade name D. brand name Correct Answer: Option D D. brand name Explanation A brand name is a name (usually a proper noun) applied by a manufacturer or organization to a particular product or service. it is used to...

The process of converting a non-profit-making organization to a profit-making business is?

by Sunday | Mar 15 | Commerce WAEC

A. indigenization B. privatization C. deregulation D. commercialization Correct Answer: Option B B. privatization Explanation The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be...
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