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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 171:
a partnership agreement specifying the relationship amongst partners is called?
  • A Article of association
  • B Memorandum of association
  • C Partnership act
  • D Partnership deed
  • E Certificate of incorporation
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Question 172:
management can be defined as?
  • A Getting things done through people
  • B Implementation of business decisions
  • C The number of levels in an organisation
  • D The general manager and the employees
  • E Decision making
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Question 173:
The term capital account in international trade includes?
I.foreign investment
II.long-term lending
III. short-term lending
IV.foreign exchange reserve
V.short-term borrowing.
  • A I & II only
  • B III & V only
  • C II, III & IV only
  • D I, III & IV only
  • E II, IV & V only
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Question 174:
money spent for the day-to-day running of a business is called?
  • A Fixed capital
  • B Working capital
  • C Equity capital
  • D Capital employed
  • E Authorized capital
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Question 175:
which of the following is not a fixed asset of a business?
  • A Sundry debtors
  • B Patent
  • C Machinery and plant
  • D Goodwill
  • E Loose tools
View Answer & Explanation