1995 WAEC Commerce Past Questions & Answers - page 1

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1
When a company sells shares to existing shareholders at preferential rate, that is called?

A
Rights issue
B
Bonus issue
C
Private placing
D
Sale by auction

Correct Option: A

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2
Which of the following must be include in the Articles of Association?

A
Voting rights of the shareholders
B
The objects of the business
C
The address of the registered office
D
Statement that liability is limited

Correct Option: A

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3
Which of the following enables production to take place ahead of demand?

A
Transporting
B
Advertising
C
Importing
D
warehousing

Correct Option: D

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4
Called-up capital is the amount?

A
paid on allotment
B
paid ontirstcall
C
paid on appilication
D
demanded on shares issued

Correct Option: A

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5
Which of the following is true about cumulative preference shares?

A
Any unpaid dividend is carried forward
B
The shareholders can obtain a capital refund
C
They are entitled to further share in profit
D
Any unpaid dividend is forfeited

Correct Option: A

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6
A public limited company has the rights and duties of an individual because it?

A
has a board of directors
B
has a trading certificate
C
has corporate status'
D
has a memorandum of association

Correct Option: C

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7
The total indebtedness of a business is the same as its

A
liabilities
B
liquid capital
C
solvency
D
capital employed

Correct Option: A

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8
All activities involved in the distribution and exchange of goods and services are referred to as?

A
Trade
B
Market survey
C
Advertising
D
Commerce

Correct Option: D

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9
Land as a factor of production comprises?

A
all resources provided by nature
B
the earth surface only
C
land surface and vegetation
D
efforts to exploit the earth

Correct Option: A

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10
Goods are usually classified into?

A
saleable and nonisaleable good
B
inferior and superior goods
C
luxurious and essential goods
D
producer and consumer goods

Correct Option: D

No further explanations yet...

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