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Commerce 1999 WAEC Past Questions

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11
Which of the following is formed in order to enforce the rights and powers of buyers in relation to sellers?
  • A. Consortium
  • B. Trade Association
  • C. Consumer Association
  • D. Holding company
View Answer & Discuss WAEC 1999
12
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the company's registered capital?
  • A. #50,000.00
  • B. #80,000.00
  • C. #200,000.00
  • D. #400,000.00
View Answer & Discuss WAEC 1999
13
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the paid up capital?
  • A. #50,000.00
  • B. #100,000.00
  • C. #150,000.00
  • D. #200,000.00
View Answer & Discuss (1) WAEC 1999
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14
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the called-up capital
  • A. #50,000.00
  • B. #100,000.00
  • C. #200,000.00
  • D. #400,000.00
View Answer & Discuss WAEC 1999
15
Which of the following documents is used to advertise shares to the public?
  • A. Letter of allotment
  • B. Articles of association
  • C. Memorandum of asscociation
  • D. Prospectus
View Answer & Discuss WAEC 1999
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