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Commerce 1998 WAEC Past Questions

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6
On which of the following grounds may a company be compulsorily wound up?
  • A. the company is making abnormal profits
  • B. it did not declare dividends every year
  • C. its products compete with that of a government company
  • D. it fails to commence business within a year of its incorporation
  • E. it fails to make profit within a year of its incorporation
View Answer & Discuss WAEC 1998
7
The management and control of co-operative societies are in the hands of the
  • A. contributors
  • B. Board of Directors
  • C. Committee
  • D. Financial controller
  • E. Registrar
View Answer & Discuss (1) WAEC 1998
8
Key industries and those requiring huge capital are usually established as
  • A. public corporations
  • B. public limited companies
  • C. private limited companies
  • D. holding companies
  • E. partnerships
View Answer & Discuss WAEC 1998
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9
Movement of commercial vehicles in Nigeria is controlled by the
  • A. Nigerian Ports Authority
  • B. National Association of Road Transport Workers
  • C. Federal Ministry of Transport
  • D. Nigerian Customs Authority
  • E. Nigerian Airports Authority
View Answer & Discuss WAEC 1998
10
The reward of entrepreneurship as a factor of production is
  • A. interest
  • B. commission
  • C. profit
  • D. salary
  • E. rent
View Answer & Discuss WAEC 1998
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