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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 426:
Incorporation simply means the?
  • A Floating of a company
  • B Reorganization of a company
  • C Birth of a company
  • D Registration of the Memorandum of Association
  • E Appointment of a new Board of Directors
View Answer & Explanation
Question 427:
A business unit whose membership ranges from 2-50 is a?
  • A Public corporation
  • B Partnership
  • C Public company
  • D Private company
  • E Co-operative society
View Answer & Explanation
Question 428:
Founders shares are usually referred to as deferred shares because the holders?
  • A Are not entitled to any dividend
  • B Receives their dividends before other share holders
  • C Are the managers of the company
  • D Receive dividends after other shareholders
  • E Are entitled to accumulative dividends
View Answer & Explanation
Question 429:
The reward of shareholding in a company is?
  • A Profit
  • B Dividend
  • C Interest
  • D Bonus
  • E Premium
View Answer & Explanation
Question 430:
Which of the following is not a source of capital to a sole proprietor?
  • A Loan from firends
  • B Personal savings
  • C Ploughing back profit
  • D Borrow from relations
  • E Borrowing through debentures
View Answer & Explanation