waecE-LEARNING
Commerce Paper 2, May/June 2011  
Questions: 1 2 3 4 5 6 7 8 9 10 Main
General Comments
Strength
Weakness/Remedies







question 6

Explain the following
  1. Insurance  Underwriter
  2. promoter
  3. Auctioneer
  4. factor
  5. Broker

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observation

Many candidates knew Insurance Underwriter, Auctioneer, factor and Broker.  But promoters were not well defined.  Promoters are people who form or float a limited liability company.

They are skilled on the job of establishing a company and most of them are legal practitioners.

 

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