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WAEC 2002
Commerce 2002 WAEC Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
History of Commerce
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Business Environment and Social Responsibility
Types of environment
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Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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6
Which of the following does not lead to the dissolution of a partnership?
A.
Absence of a deed of partnership
B.
Withdrawal of a partner
C.
Incapacity of any of the partners
D.
Completion of contractual term
View Answer & Discuss
WAEC 2002
7
An offer by one company to buy up all or greater part of another company's share is known as?
A.
merger
B.
take-over bid
C.
absorption
D.
liquidation
View Answer & Discuss
WAEC 2002
8
The refund of a duty which had been paid on importation that are later re-exported is known as?
A.
export tax
B.
surtax
C.
customs drawback
D.
liquidation
View Answer & Discuss
WAEC 2002
9
Which of the following is an internal source of capital to a business concern?
A.
Trade credit
B.
Debenture
C.
overdraft
D.
Retain profit
View Answer & Discuss
WAEC 2002
10
Which of the following is an internal source of capital to a business concern?
A.
Trade credit
B.
Debenture
C.
overdraft
D.
Retain profit
View Answer & Discuss
WAEC 2002
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