Search SchoolNGR

Commerce Past Questions and Answers

[share]

Waec Commerce Questions

Question 581:

When a company sells shares to existing shareholders at preferential rate, that is called?

SchoolNGR Classroom

A Rights issue
B Bonus issue
C Private placing
D Sale by auction
E Lssue by prospectus

View Answer & Explanation

Question 582:

Which of the following must be include in the Articles of Association?

SchoolNGR Classroom

A Voting rights of the shareholders
B The objects of the business
C The address of the registered office
D Statement that liability is limited
E List of types of shares

View Answer & Explanation

Question 583:

Which of the following enables production to take place ahead of demand?

SchoolNGR Classroom

A Transporting
B Advertising
C Importing
D Warehousing
E Exporting

View Answer & Explanation

Question 584:

Called-up capital is the amount?

SchoolNGR Classroom

A Paid on allotment
B Paid ontirstcall
C Paid on appilication
D Demanded on shares issued
E . paid-up on all shares

View Answer & Explanation

Question 585:

Which of the following is true about cumulative preference shares?

SchoolNGR Classroom

A Any unpaid dividend is carried forward
B The shareholders can obtain a capital refund
C They are entitled to further share in profit
D Any unpaid dividend is forfeited
E The dividend declared is accumulated in a reserve account

View Answer & Explanation

Stay Updated

Follow us on:

Subjects