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Commerce 2000 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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6
Which of the following is true about cumulative preference shares?
  • A. Unpaid dividends are carried forward
  • B. Shareholders can secure capital refund on demand
  • C. Shareholders are entitled to further share of profit
  • D. Dividends are paid into a special account
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7
A debenture is mortgaged when it is?
  • A. not secured on the the assets of a company
  • B. Secured on the assets of a company
  • C. irredeemable
  • D. redeemable
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8

A retail outlet which sells a fairly narrow range of goods with a number of branches in different towns is a?

  • A. supermarket
  • B. mail-order shop
  • C. mobile shop
  • D. multiple shop
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9
A consignment note is used when?
  • A. goods are wrapped and labelled for easy identification
  • B. goods are dispatched to agent through transporters
  • C. damaged goods are being returned
  • D. there is over-invoicing
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10
Which of the following is not contained in an advice note?
  • A. Types of goods
  • B. Price of goods
  • C. Date of dispatch
  • D. Means of dispatch
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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