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Commerce 1995 WAEC Past Questions

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1
When a company sells shares to existing shareholders at preferential rate, that is called?
  • A. Rights issue
  • B. Bonus issue
  • C. Private placing
  • D. Sale by auction
  • E. lssue by prospectus
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2
Which of the following must be include in the Articles of Association?
  • A. Voting rights of the shareholders
  • B. The objects of the business
  • C. The address of the registered office
  • D. Statement that liability is limited
  • E. List of types of shares
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3
Which of the following enables production to take place ahead of demand?
  • A. Transporting
  • B. Advertising
  • C. Importing
  • D. warehousing
  • E. Exporting
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4
Called-up capital is the amount?
  • A. paid on allotment
  • B. paid ontirstcall
  • C. paid on appilication
  • D. demanded on shares issued
  • E. . paid-up on all shares
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5
Which of the following is true about cumulative preference shares?
  • A. Any unpaid dividend is carried forward
  • B. The shareholders can obtain a capital refund
  • C. They are entitled to further share in profit
  • D. Any unpaid dividend is forfeited
  • E. The dividend declared is accumulated in a reserve account
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208