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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 656:

Which of the following is drawn up as a guide to the running of a Partnership?

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A Deed of Agreement
B Partnership Act
C Memorandum of Association
D Prospectus
E Articles of Association

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Question 657:

The law governing the operations of companies and partnership in Nigeria is the

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A Nigerian Companies Decree
B Nigerian Partnership Act
C Nigerian Enterprises Promotion Decree
D Companies And Allied Matters Decree
E Sale of Goods Act

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Question 658:

Which of the following is a non-indemnity insurance?

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A Personal Accident Insurance
B Burglary Insurance
C Fire Insurance
D Consequential loss Insurance
E Third Party Insurance

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Question 659:

The document issued to a newly formed public company to commence business is called the

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A Certificate of incorporation
B Articles of association
C Memorandum of association
D Trading certificate
E Insurance certificate

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Question 660:

Small scale retail attracts a lot of new enterpreneurs in West Africa because

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A Many people have had good training in retail trade
B It is easy to succeed with the business
C Banks are always ready to lend retailers
D Only a small amouynt of capital is needed to start the business
E Government exempts retailers from paying tax

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