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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 686:

Which of the following is an advantage of personal selling?

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A Immediate feedback
B Low cost
C Self service
D Speedy market coverage
E Selling to many people at a time

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Question 687:

A partner who does not play an active role in a business but contributes capital is a

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A Secret partner
B Dormant partner
C Nominal partner
D Limited partner
E General partner

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Question 688:

Which of the following is not included in the Memorandum of Association?

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A Winding up procedure
B Objectives of the company
C Address of the registered office
D Amount of capital
E Conditions for amendment of the memorandum

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Question 689:

Which of the following is not a source of capital?

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A Personal savings
B Credit transfer
C Bank Loan
D Credit purchase
E Debenture

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Question 690:

The contract between ship owners and hires whereby the hires take full control of the ship is called?

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A Time charter
B Charter by demise
C Shipping conference
D Voyage charter
E Charter party

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