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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1201:

When a public company receives the certificate of incorporation, this implies that?

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A It can go ahead and start business
B It can no longer sue or be sued
C The company finds it difficult to raise capital
D The company's assets exist separately from those of its members

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Question 1202:

When a number of thrift societies come together and are registered, they become a?

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A Holding company
B Credit union
C Trade union
D Consumer association

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Question 1203:

Which of the following would not be stated in Memorandum of Association?

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A Name clause
B Registered office
C Objective clause
D Rights of shareholders

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Question 1204:

The greatest risk in a business venture is borne by the?

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A Trade creditors
B Employees
C Trade debtors
D Entrepreneurs

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Question 1205:

A partner without an unlimited liability is known as a?

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A Dormant partner
B Nominal partner
C General partner
D Active partner

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