Commerce Past Questions And Answers
Dealers in the stock exchange such as bulls, bears and stags are categorized as
- A. actuaries
- B. promoters
- C. speculators
- D. underwriters
Which of the following products is likely to have a low rate of turnover?`
- A. Foodstuff
- B. ball-pen
- C. Soap and Detergent
- D. Furniture
When an insured person admits that he has indemnified, he means that?
- A. the insurance company has accepted his claim
- B. the damaged properties has been recovered
- C. he has paid his premium fully
- D. the insurance company has restored him to his formal position
The practice by which an insurance company accepts a very large risk and later shares it with other insurance companies is called
- A) subrogation
- B) contribution
- C) re-insurance
- D) indemnity
Ad valorem duties are based on the
- A. importance of the goods imported
- B. value of the goods imported
- C. weight of the goods imported
- D. nature of the goods imported
An underlying principle in the marketing of goods is that firms should
- A) train their personnel
- B) be consumer oriented
- C) advertise the goods
- D) sell through outlets
A responsibility to control environmental pollution is the responsibility of____
- A. The business
- B. The government
- C. The consumer
- D. The employee
A demonstration of social responsibility by a business is the payment of _______
- A. taxes to government
- B. dividends to shareholder
- C. interest on loans
- D. premium on insurance
Examples of consumer goods include all except________
- A. Nurse
- B. Cars
- C. Spoon
- D. Shoes
| Le | |
| stock | 120,000 |
| fixtures | 335,000 |
| Debtors | 111,000 |
| Overdraft | 27,000 |
| machinery | 348,000 |
| motor vehicles | 232,000 |
| cash | 82,000 |
| creditors | 101,000 |
From the above information, calculate the following:
(a) Total fixed assets
(b) Total current assets
(c) Total current liabilities
(d) The working capital
(e) The capital employed
View Discussion (0)WAEC 2011 THEORY