Commerce Past Questions And Answers
Which of the following is a source of capital to a sole proprietorship?
- A. Loans from friends
- B. Admission of new member
- C. Issue of shares
- D. Issue of debentures
Dissolution of a partnership could arise from
- A. fall in output
- B. death of a member
- C. non access to capital
- D. increase in market share
The concept that refers to the sale, transfer or exchange of goods and service is?
- A. industry
- B. trade
- C. tariff
- D. marketing
The marketing concept emphasizes
- A. sales of goods directly to customers
- B. use of promotional tools to stimulate sale
- C. mass production of goods
- D. consumer's satisfaction at a profit
The forum for the selling and of buying of securities of small and medium companies is called
- A. Second Tier Foreign Exchange Market
- B. Foreign Exchange Market
- C. Securities and Exchange Commission
- D. Second Tier Securities
The most important advantage of privatization is the enhancement of?
- A. liquidity
- B. accountantability
- C. profitability
- D. efficiency
What document is required when a country imposes ad valorem import duties on goods?
- A. A mail transfer
- B. A shipping note
- C. A billb of lading
- D. A consular invoice
When a company was more of loans than equity to finance its business, the company is said to be
- A) Bankrupt
- B) Solvent
- C) High geared
- D) In a strong liquid position
Mention and explain five ways in which a business discharges its social responsibilities to the society.
View Discussion (0)WAEC 1991 THEORYCompany has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up, the remaining 50 million shares have?
- A. Not yet been issued
- B. Been applied for but not issued
- C. Not been paid-up
- D. Been issued but have not been paid-up