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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 801:

Capital owned is synonymous with the

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A Paid-up capital
B Working capital
C Net worth
D Authorized capital
E Liquid capital

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Question 802:

Which of the following is not performed by marketing?

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A Provision of revenue
B Provision of employment
C Export promotion
D Enlargement of the market
E Changing the nature of marketable goods

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Question 803:

The products that are regularly and easily bought by customers through habit are called?

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A Industrial goods
B Capital goods
C Specialty goods
D Giffen goods
E Convenience goods

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Question 804:

A business unit whose membership range from 2 to 20 is a

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A Co-operative society
B Partnership
C Private limited company
D Public limited company
E Public enterprise

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Question 805:

Which of the following conditions may lead to the dissolution of a partnership?

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A Expiry of agreed time
B Termination of venture
C One partner becomes dormant
D Mutual consent of the partners
E Bankruptcy of partners

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