Commerce Past Questions And Answers
The last link in the production process is the
- A. transporter
- B. wholesaler
- C. consumer
- D. retailer
Commerce is concerned mainly with the?
- A. production of goods and services
- B. distribution of goods and services
- C. consumption of goods and services
- D. storing of goods
The computer using linear integrated circuit technology complied with quantification of data in term of length and distance is
- A. Main frame Computer
- B. Digital Computer
- C. Analogue Computer
- D. Hybrid Computer
A company is said to be insolvent when
- A. it makes a loss in any one year
- B. its total liabilities exceed total assets
- C. the ordinary shareholders recieve no dividend from the company
- D. the preference shareholders could not be paid by the company
All but one is not an output devices?
- A. Joystick
- B. Monitor
- C. Plotter
- D. Printer
The total indebtedness of a business is the same as its
- A. liabilities
- B. liquid capital
- C. solvency
- D. capital employed
The document issued to a lender under a company's seal acknowledging a debt is called?
- A. stock
- B. share
- C. dividend warrant
- D. debenture
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
| N | |
| sales | 12,000 |
| opening stock | 3,000 |
| purchases | 7,000 |
| closing stock | 2,000 |
| wages | 500 |
| Transport | 400 |
| electricity | 300 |
From the above figures, calculate (showing all workings) the
(a) cost of goods sold.
(b) net profit percentage.
(c) rate of turnover.
View Discussion (0)WAEC 2010 THEORYWhich of the following is not a condition for dissolution of a partnership?
- A. Continuous disagreement among partners
- B. Expiration of a business year
- C. Mutual consent of the partners
- D. Termination of the venture