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If a share is sold at a price below its face value, it is sold
Aabove par
Bat a discount
Cat par
Dat premium
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Question 12
waec2007
Which of the following is not a feature of a self-service store?
Ait is found mainly in urban areas
Bit offers steady employment opportunities
CGoods carry price tags
Dit operates on a large floor space
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Question 13
waec2007
Centralized buying and decentralized selling are features of
Acooperative wholesalers
Bdepartment stores
Cmail order business
Dmultiple stores
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Question 14
waec2007
A popular product priced low to attract a larger number of buyers to a shop is called
Aloss leader
Bcapital good
Cseasonal good
Dprice ring
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Question 15
waec2007
Who is responsible for the payment of the bill in a documentary credit
AExporter
BImporter
CImporter's bank
DExporter's bank
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Question 16
waec2007
The content of a bill of lading does not include the
Aname of the shipper
Bdate and place of shipment
Cname and destination of the vessel
Ddemurrage payable
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Question 17
waec2007
Which of the following is a function of the small retailer?
AFinancing manufactures
BWarehouse of goods
CBranding of goods
DSelling to consumers
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Question 18
waec2007
Importing goods into a country re-exporting is know as
Ahome trade
Bretail trade
Centrepot trade
Dcounter trade
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Question 19
waec2007
Which of the following is used to show that goods imported were produced in an ECOWAS member country
AInsurance policy
BBill of lading
CCertificate of origin
DBill of exchange
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Question 20
waec2007
Which of the following refers to a voluntary association that represents a cross-section of business interests in an area?
AManufacturers Association
BChamber of Commerce
CConsumers Association
DEmployers Association
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Question 21
waec2007
A document used to advertise shares for sale is
Aprospectus
Bannual report
Carticles of association
Dmemorandum of association
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Question 22
waec2007
A limited company has an authorized capital of 20,000,000 shares. If each share capital costs 5ok and the company sold 12,000,000 shares, its issued capital is
A#16,000,000
B#10,000,000
C#6,000,000
D#4,000,000
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Question 23
waec2007
The money used by Njie & Co. Ltd in running the day-to-day activities of the business is represented by
Atotal assets less total liabilites
Btotal assets less current liabilities
Ccurrent assets less stock
Dcurrent assets less current liabilities
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Question 24
waec2007
If the opening stock is Le200, cost of goods sold Le2,400, and closing stock Le120, then the rate of turnover is
A20 times
B15 times
C12 times
D7.5 times
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Question 25
waec2007
A company may be wound up when
Athere is a disagreement among the directors
Bthere are too many shareholders
Cmany of the share holders die
Dits product competes with that of the government
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Question 26
waec2007
Which of the following gets extra dividend after its due fixed rate of dividend
APreference shares
BCumulative preference shares
COrdinary shares
DParticipating preference shares
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Question 27
waec2007
The various rights attached to different classes of shares are stated in the
Aarticles of association
Bmemorandum of association
Cbalance sheet
Dprospectus
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Question 28
waec2007
The operations of a private company is guided by the
Adeed
Bcertificate of trading
Ccertificate of incorporation
Dcompany's act
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Question 29
waec2007
Contributing money to buy equipment for making and marketing a product is a feature of
