Search SchoolNGR

Saturday, 14 November 2026
Register . Login

Commerce Past Questions and Answers

Waec Commerce Questions

Question 2241:
The issue of prospectus by a company is an invitation to members of the public to?
  • A Subscribe to the company`s shares
  • B Buy the company`s product
  • C Attend the company`s boards meeting
View Answer & Explanation
Question 2242:
Examples of currents assets are?
  • A Cash and trade debtors
  • B Cash and trade cresitors
  • C Trade debtors, trade creditors and cash
  • D Trade creditors and trade debtors
View Answer & Explanation
Question 2243:
When the cost of sales is divided by the average stock, the result is?
  • A Gross profit
  • B Net profit
  • C Rate of turnover
  • D Working capital
View Answer & Explanation
Question 2244:
The part of issued share capital that the company has asked the subscribers to pay for is?
  • A Authorized capital
  • B Called-up capital
  • C Nominal capital
  • D Paid-up capital
View Answer & Explanation
Question 2245:
The last link in a channel of distribution is the?
  • A Wholesaler
  • B Retailer
  • C Consumer
  • D Agent
View Answer & Explanation