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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2036:

A partnership is dissolved due to?

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A Liquidity of the firm
B Death of the employee
C Insanity of partner
D Resignation of an employee

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Question 2037:

A document that contains the relationship between the company and outsiders is?

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A Certificate of incorporation
B Memorandum of association
C Article of association
D Certificate of trading

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Question 2038:

An organisation formed mainly by traders and manufacturers to cater for interest for interest of members is?

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A Trade union
B Co-operative society
C Trade association
D Chamber of commerce

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Question 2039:

An insurance broker is involved in?

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A Industrial occupation
B Distributive occupation
C Commercial occupation
D Constructive occupation

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Question 2040:

An agreement that is enforceable in law is?

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A A contract
B An offer
C An acceptance
D A consideration

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