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.
which of the following is not a reason for imposing a tariff? to
Acorrect an adverse balance of payments
Braise revenue for the government
Cencourage imports
Dprotect infant industries
Eencourage the consumption of home-produced goods
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Question 13
waec1990
a document that regulates the internal operations of a company is known as?
Amemorandum of association
Barticles of association
Cprospectus
Dcertificate of incorporation
Ecertificate of trading
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Question 14
waec1990
the main purpose of establishing a public corporation is to?
Amake profit
Bprovide employment
Cprovide essential services
Dcompete with entrepreneurs
Eestablish a monopoly
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Question 15
waec1990
which of the following is not a fixed asset of a business?
Asundry debtors
Bpatent
Cmachinery and plant
Dgoodwill
Eloose tools
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Question 16
waec1990
money spent for the day-to-day running of a business is called?
Afixed capital
Bworking capital
Cequity capital
Dcapital employed
Eauthorized capital
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Question 17
waec1990
The term capital account in international trade includes?
I.foreign investment
II.long-term lending
III. short-term lending
IV.foreign exchange reserve
V.short-term borrowing.
AI & II only
BIII & V only
CII, III & IV only
DI, III & IV only
EII, IV & V only
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Question 18
waec1990
management can be defined as?
Agetting things done through people
Bimplementation of business decisions
Cthe number of levels in an organisation
Dthe general manager and the employees
Edecision making
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Question 19
waec1990
a partnership agreement specifying the relationship amongst partners is called?
Aarticle of association
Bmemorandum of association
Cpartnership act
Dpartnership deed
Ecertificate of incorporation
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Question 20
waec1990
a study to discover consumers preferences and needs is called?
Amarketing
Bconsumer orientation
Cmarket research
Dmarketing mix
Emarket demand
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Question 21
waec1990
which of the following is an aspect of the marketing concept?
Aproduct orientation
Bsales orientation
Cconsumer orientation
Dmass production
Emass distribution
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Question 22
waec1990
the authorised capital of a company is also referred to as it's?
Acalled-up capital
Bissued capital
Csubscribed capital
Dnominal capital
Eunissued capital
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Question 23
waec1990
the main source of income for a limited liability company is?
Abank overdraft
Bgovernment subsidy
Cundistributed profit
Dbank loan
Eshare subscrptions
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Question 24
waec1990
to inform the buyer that the goods are in transit,the seller sends him?
Aa quotation
Ban invoice
Ca debit note
Dan advice note
Ea credit note
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Question 25
waec1990
the reward of capital is?
Adividend
Binterest
Cprofit
Drent
Erebate
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Question 26
waec1990
an association formed by Tyre manufacturers to safeguard and promote their interests is known as
Aco-operative society
Bchamber of commerce
Ctrade union
Dconsortium
Etrade association
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Question 27
waec1990
a speculator in the stock exchange market who sells securities in expectation of a fall in their prices is called?
Abroker
Ba bull
Ca bear
Dan investor
Ea stag
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Question 28
waec1990
which of the following is not the function of a small? retailer
Asupplying goods to the final consumer
Bbreaking goods into small units
Cgranting credits to known customers
Dfurnishing information to the wholesaler
Eselling in large quantities
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Question 29
waec1990
a company has recently advertised an issue of one million ordinary shares of 50kobo and 65kobo per share.wen the issue is fully paid the company will collect?
AN65,000.00
BN500,000.00
CN650,000.00
DN1,000,000.00
EN65,000,000.00
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Question 30
waec1990
which of the following is a feature of co-operative society?
