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 the fastest means of sending a document from one place to another?
AFacsimile
BCourier service
CExpress mail
DRegistered mail
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Question 672
waec1999
One advantage of communication by telephone is
Athe conversation can be very short
Bit is less expensive
Cfeedback is instantenous
Dthe conversation is strictly private
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Question 673
waec1999
Which of the following qualities of money is generally undermined by inflation?
AStability
BScarcity
CDurability
DPortability
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Question 674
waec1999
The counterfoil of a cheque book enables the drawer to
Arequest for a new cheque book
Breconcile his book of accounts
Cknow who the debtors are
Dobtain an overdraft from the bank
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Question 675
waec1999
If a company is described as "listed" it means
Aits shares can be traded on the stock exchange
BIt is about to be voluntarily liquidated
Cit is duly registered by the registrar of companies
Dit has been blacklisted
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Question 676
waec1999
Notes and coins are legal tender because they are
Aprinted by the Central Bank
Bbacked by law
Cbacked by gold
Dissued by all banks
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Question 677
waec1999
Insurance is necessary because of the need to
Apool resources together
Bmeet uncertainties in future
Cmake profit
Dlend money to individuals
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Question 678
waec1999
Government can borrow money from the public through
Athe issuing of treasury bills
Bincreasing taxation
Cincreasing the lending rate
Destablishing more banks
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Question 679
waec1999
Trade discount is given to the buyer for
Aprompt payment
Bcredit purchase
Ccash purchase
Dretailer's mark-up
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Question 680
waec1999
Status enquiry is necessary when
Agoods are ordered from a mail order firm
Bmoney is withdrawn from a fixed deposit account
Cgranting credit to a new customer
Dgoods areproduced according to specification
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Question 681
waec1999
What is the purpose of a debit note? To
Areduce the credit in the buyer's account
Breduce the debit charged to an invoice
Ccompensate for damaged goods returned
Dallow for rebate
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Question 682
waec1999
A bill of exchange becomes negotiable when it is
Aaccepted
Bprotested
Cdishonoured
Ddiscounted
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Question 683
waec1999
A major cost component of running a mail order firm is the
Aprinting of catalogues
Bpaying salemen's salaries
Crenting shops
Dtravelling expenses
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Question 684
waec1999
Which of the following is not a feature of a Department Store?
AOne-stop-shopping
BDeals in one line of goods
CUse of trolleys
DConvenient location
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Question 685
waec1999
Which of the following is a contract of carriage and a document of title?
Aindent
BBill of lading
CPro forma invoice
Dis allowed to borrow from commercial banks
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Question 686
waec1999
A major advantage of the private company over a partnership is that the private company
Acan sell shares
Bhas limited liability
Ccan publish its account
Dis allowed to borrow from commercial banks
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Question 687
waec1999
Which of the following documents is used to advertise shares to the public?
ALetter of allotment
BArticles of association
CMemorandum of asscociation
DProspectus
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Question 688
waec1999
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the called-up capital
A#50,000.00
B#100,000.00
C#200,000.00
D#400,000.00
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Question 689
waec1999
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the paid up capital?
A#50,000.00
B#100,000.00
C#150,000.00
D#200,000.00
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Question 690
waec1999
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the company's registered capital?
