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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 961:
The safe keeping of goods from the point of production to the time they are needed is`
  • A Standardizing
  • B Warehousing
  • C Hoarding
  • D Stock controlling
View Answer & Explanation
Question 962:
The document which regulates the operations of a partnership is known as
  • A Deed
  • B Articles of Association
  • C Prospectus
  • D Certificate of trading
View Answer & Explanation
Question 963:
A company is said to be insolvent when
  • A It makes a loss in any one year
  • B Its total liabilities exceed total assets
  • C The ordinary shareholders recieve no dividend from the company
  • D The preference shareholders could not be paid by the company
View Answer & Explanation
Question 964:
Which of the following is formed in order to enforce the rights and powers of buyers in relation to sellers?
  • A Consortium
  • B Trade Association
  • C Consumer Association
  • D Holding company
View Answer & Explanation
Question 965:
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the company's registered capital?
  • A #50,000.00
  • B #80,000.00
  • C #200,000.00
  • D #400,000.00
View Answer & Explanation