2018 WAEC Commerce past questions and answers

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1

A document through which invitation is extended to the public to subscribe to shares is?

A article of association

B memorandum of association

C prospectus

D qoutation



Correct Option: C


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2

Activities which fascilitates commerce include

A engaging youths in environmental sanitation

B funding political campaigns

C providing recreational facilities

D improving road network



Correct Option: D


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3

A person authorized to sell the property of a company in a winding up is 

A an auctioneer

B an agent

C a liquidator

D a bailee



Correct Option: C


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4

one example of of a product of a construction industry is a

A chair

B bag of cement

C piece of cloth

D television



Correct Option: A


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5

one disadvantage of a sole proprietorship is?

A quick decision making

B unlimited liability

C pride of ownership

D unlimited source of capital



Correct Option: B


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6

which of the following is a source of short term finance

A hire purchase

B overdraft

C lease

D debenture



Correct Option: B


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7

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

A called-up capital

B authorized capital

C paid-up capital

D unpaid capital



Correct Option: A


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8

multilateral trade is carried out 

A between two countries only

B within many countries

C among many countries

D between neighbouring countries only



Correct Option: C


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9

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

A co-operative society

B trade union

C trust fund

D chamber of commerce



Correct Option: D


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10

which of the following statement is true of a debenture?

A its holders receive interest

B it forms part of a company's authorized capital

C its owners are co-owners of the company

D its owners control the company



Correct Option: A


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