Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
A common requirement for public and private limited companies in Nigeria is that
Aa shareholder cannot transfer his shares to someone else without permission from other shareholders
Btheir annual account are made available to the Corporate Affairs Commision
Cshares can be offered for sale on the stock exchange
Dshares can be offered for sale through an issuing house
View Explanation & Discuss
Question 1632
jamb1999
Use this information to answer the question below.
Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution.
Babalawee is ___________?
Aa claimant
Ba manager
Can assessor
Da reciever
View Explanation & Discuss
Question 1633
jamb1999
Use the information below to answer questions 3 and 4.
Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors.
Babalawee was called in to manage the dissolution.
after paying the debts of aboki Plc, the balance goes to?
AAboki Plc
BBabalawee
Cshareholders
Dcreditors
View Explanation & Discuss
Question 1634
jamb1999
Commerce makes it possible for man to live in a
Acomplex and organized society
Bsociety characterized by subsistency
Csociety characterized by dependency
Dsimple and organized society
View Explanation & Discuss
Question 1635
jamb1999
The conversion of raw material into finished products creates
AMarginal utility
BPlace utility
Cform utility
Dtime utility
View Explanation & Discuss
Question 1636
waec1998
Which of the following is not true of air transport?
Ait is used to transport goods of high value
Bhas high operating costs
Cit is good for transporting blood for infusion
Doperates normally irrespective of weather conditions
Eit travels on schedule
View Explanation & Discuss
Question 1637
waec1998
A symbol that is used to distinguish a company's product from others is a
Alicence
Btrade mark
Cpatent right
Dtrade permit
Ecopy right
View Explanation & Discuss
Question 1638
waec1998
Penalty imposed by a ship owner for exceeding the period charter is
Alump sum
Bdock dues
Ctariff
Ddemurrage
Edead frieght
View Explanation & Discuss
Question 1639
waec1998
Which of the following is not a business resource?
AMarket
BMan
CMoney
DMachine
EMaterials
View Explanation & Discuss
Question 1640
waec1998
One advantage of direct selling is
Alow cost
Bimmediate feedback
Cmass appeal
Dself-service
Espeedy market coverage
View Explanation & Discuss
Question 1641
waec1998
Which of the following guarantees payment on presentation?
ACertified cheque
BCrossed cheque
COrder cheque
DBearer cheque
EOpen cheque
View Explanation & Discuss
Question 1642
waec1998
Which of the following is legally used by the insured while the policy is being processed?
ACover note
BProposal form
CIndemnity form
DPremium
EClaim Form
View Explanation & Discuss
Question 1643
waec1998
In the capital structure of a Public Limited Company, the term equity refers to
Apreference shares
Bordinary shares
Cdebentures
Dstocks
Ebonds
View Explanation & Discuss
Question 1644
waec1998
XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.
XYZ Ltd's Net Profit is
A#58,000.00
B#38,000.00
C#24,000.00
D#22,000.00
E#20,000.00
View Explanation & Discuss
Question 1645
waec1998
XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.
XYZ Ltd's profit is
A#58,000.00
B#42,000.00
C#38,000.00
D#22,000.00
E#20,000.00
View Explanation & Discuss
Question 1646
waec1998
The time allowed for unloading and loading ships is referred to as
Adays of grace
Bcharter by demise
Cvoyage charter
Dtime charter
Elay days
View Explanation & Discuss
Question 1647
waec1998
Price lists, catalogues and COD are mainly used in operating
Achain stores
Bsupermarkets
Cdepartment stores
Dmail order business
Ehypermarkets
View Explanation & Discuss
Question 1648
waec1998
Which of the following is not a method of selling
ASelf-services
BExhibition
CMail Order
DStock control
EAutomatic vending
View Explanation & Discuss
Question 1649
waec1998
The Third Party Motor Vehicle Insurance Policy covers damages
Ato both passengers and vehicle
Bcaused by the vehicle insured
Cto all parties concerned
Dto all vehicles involved
Eto the insured vehicle only
View Explanation & Discuss
Question 1650
waec1998
A speculator who applies for new stocks and shares with the intention of selling them them at higher price is a
