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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1491:

Where a limited partner exists in a partnership

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A No active partner is needed
B Other partners must be nominal
C At least one ordinary partner must be there
D At least one member must be a legal practitioner

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Question 1492:

Which of the following is best organized as a partnership?

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A Drilling and marketing of crude oil
B Brewing and distribution of beer
C Designing and building of houses
D Assembling and marketing of vehicles

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Question 1493:

Public enterprises are financed mainly by

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A The shareholders
B Commercial banks
C Government grants
D The World Bank

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Question 1494:

Contributing money to buy equipment for making and marketing a product is a feature of

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A Thrift societies
B Public limited companies
C Consumers' cooperatives
D Producers' cooperatives

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Question 1495:

The operations of a private company is guided by the

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A Deed
B Certificate of trading
C Certificate of incorporation
D Company's act

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