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 formed in order to enforce the rights and powers of buyers in relation to sellers?
AConsortium
BTrade Association
CConsumer Association
DHolding company
View Explanation & Discuss
Question 682
waec1999
A company is said to be insolvent when
Ait makes a loss in any one year
Bits total liabilities exceed total assets
Cthe ordinary shareholders recieve no dividend from the company
Dthe preference shareholders could not be paid by the company
View Explanation & Discuss
Question 683
waec1999
The document which regulates the operations of a partnership is known as
ADeed
BArticles of Association
CProspectus
DCertificate of trading
View Explanation & Discuss
Question 684
waec1999
The safe keeping of goods from the point of production to the time they are needed is`
Astandardizing
Bwarehousing
Choarding
Dstock controlling
View Explanation & Discuss
Question 685
waec1999
A public limited company wishing to obtain more capital may have to
Aapply for subvention
Bbuy treasury bills
Cbuy second-hand securities
Dissue debentures
View Explanation & Discuss
Question 686
waec1999
A business unit in which profits are shared on the basis of members' patronage is known as
Apartnership
Bpublic limited company
CCo-operative society
Dprivate limited company
View Explanation & Discuss
Question 687
waec1999
Which of the following enables people to consume a variety of goods and services?
ALabour
BCapital
CLand
DExchange
View Explanation & Discuss
Question 688
waec1999
Which of the following refers to all the resources used in creating utilities?
AFixed capital
BFactors of production
CEnterpreneurship
DLabour
View Explanation & Discuss
Question 689
waec1999
Which of the following brings about specialization?
ARecruitment of staff
BDivision of labour
CBusiness resource
DEmployer of labour
View Explanation & Discuss
Question 690
waec1999
The goods that are used for the production of other goods are known as
Acommercial goods
Bconsumer goods
Ccapital goods
Dnon-durable
View Explanation & Discuss
Question 691
waec1999
A shoe repairer is engaged in a
Aservice occupation
Bmanufacturing
Cextractive occupation
Dcommercial occupation
View Explanation & Discuss
Question 692
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 693
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 694
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 695
waec1998
Which of the following is not a business resource?
AMarket
BMan
CMoney
DMachine
EMaterials
View Explanation & Discuss
Question 696
waec1998
One advantage of direct selling is
Alow cost
Bimmediate feedback
Cmass appeal
Dself-service
Espeedy market coverage
View Explanation & Discuss
Question 697
waec1998
Which of the following guarantees payment on presentation?
ACertified cheque
BCrossed cheque
COrder cheque
DBearer cheque
EOpen cheque
View Explanation & Discuss
Question 698
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 699
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 700
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.
