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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2131:

one disadvantage of a sole proprietorship is?

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A Quick decision making
B Unlimited liability
C Pride of ownership
D Unlimited source of capital

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Question 2132:

which of the following is a source of short term finance

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A Hire purchase
B Overdraft
C Lease
D Debenture

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Question 2133:

The portion of share capital which the company has asked shareholder to pay is?

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A Called-up capital
B Authorized capital
C Paid-up capital
D Unpaid capital

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Question 2134:

multilateral trade is carried out

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A Between two countries only
B Within many countries
C Among many countries
D Between neighbouring countries only

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Question 2135:

An association of businesses engaged in both trade and industry is a?

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

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