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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1141:
Which of the following has no limit to its membership?
  • A Ordinary partnership
  • B Private Limited Company
  • C Limited partnership
  • D Cooperative society
View Answer & Explanation
Question 1142:
Which of the following does not lead to the dissolution of a partnership?
  • A Absence of a deed of partnership
  • B Withdrawal of a partner
  • C Incapacity of any of the partners
  • D Completion of contractual term
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Question 1143:
An offer by one company to buy up all or greater part of another company's share is known as?
  • A Merger
  • B Take-over bid
  • C Absorption
  • D Liquidation
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Question 1144:
The refund of a duty which had been paid on importation that are later re-exported is known as?
  • A Export tax
  • B Surtax
  • C Customs drawback
  • D Liquidation
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Question 1145:
Which of the following is an internal source of capital to a business concern?
  • A Trade credit
  • B Debenture
  • C Overdraft
  • D Retain profit
View Answer & Explanation