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 manufacturer of goods that are seasonally demanded will be in dire need of a
Awealthy customer
Bsuitable means of transport
Cwarehouse
Dlarge house frontage
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Question 42
waec2005
Which of the following will not be considered in choosing a channel of distribution?
ANature of product
BPreferences of customers
CVolume of sales
DQuality of product
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Question 43
waec2005
Who among the following cannot be regarded as an itinerant trader
AGypsy
BBarrow boy
CPedlar
DStall owner
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Question 44
waec2005
A bank's undertaking to pay an exporter on behalf of an importer is a
Adocumentary credit
Bletter of credit
Cletter of hypothecation
Dbill of exchange
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Question 45
waec2005
An organization formed mainly by traders on the same line of business is known as
Atrade union
Bcooperative society
Ctrade association
Dchamber of commerce
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Question 46
waec2005
The net profit of a business is determined by
Adeducting cost of goods sold from sales
Bdeducting purchases from sales
Cadding commissions recieved to gross profit
Ddeducting all expenses from gross profit and other income
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Question 47
waec2005
Which of the following is an intangible asset of a firm
AGoodwill
BReserve
CSkilled personnel
DRights issue
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Question 48
waec2005
The nominal value of a share is same as its
Amarket value
Bbelow par value
Cabove par value
Dface value
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Question 49
waec2005
The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.
The reserved capital is
A#300,000
B#200,000
C#100,000
D#50,000
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Question 50
waec2005
The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.
The authorized share capital is
A#400,000
B#200,000
C#100,000
D#50,000
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Question 51
waec2005
Partnership form of business is most appropriate
Awhere proffessionals are needed
Bfor non-profit making ventures
Cwhere very large capital is required
Dwhere the liability of members is limited
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Question 52
waec2005
Partnership form of business is most appropriate
Awhere proffessionals are needed
Bfor non-profit making ventures
Cwhere very large capital is required
Dwhere the liability of members is limited
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Question 53
waec2005
Which of the following would not affect the form of a business unit
AAvailability of raw materials
Bthe type of business
Cnumber of persons involved
Dthe capital size
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Question 54
waec2005
The fee which the bank charges for services rendered to their current account customers is
Acommission on turnover
Bbank rate
Cminimum lending rate
Dinterest
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Question 55
waec2005
The distribution of profits based upon the level of patronage in the business is a common feature of
Apartnership firms
Bpublic limited companies
Cco-operative societies
Dprivate limited companies
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Question 56
waec2005
An advantage of a public limited company over a private one is the
Alimited liability of share holders
Beasy transferability of shares
Caccess to retained earnings
Dless taxation by government
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Question 57
waec2005
Production is defined as
Aan industrial undertaking
Bcreation of utility
Cearning one's daily bread
Dthe changing of raw materials
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Question 58
waec2005
Which of the following coordinates other factors of production to achieve set objectives?
ALand
BLabour
CEnterpreneur
DCapital
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Question 59
waec2005
Farming is an activity that falls under?
Atertiary occupation
Bcommercial occupation
Cextractive occupation
Dsecondary occupation
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Question 60
waec2005
Which of the following is an advantage of indigenization ?
