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Commerce 2004 WAEC Past Questions

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11
A private company's ability to raise capital is limited because
  • A. its borrowing powers are limited
  • B. membership does not exceed 50
  • C. shares cannot be made public
  • D. of limited collateral security
View Answer & Discuss (1) WAEC 2004
12
An increase in the volume of sales is also an increase in
  • A. profit
  • B. turnover
  • C. fixed assets
  • D. owner's equity
View Answer & Discuss WAEC 2004
13
The working capital of a firm is calculated as
  • A. current assets minus current liabilities
  • B. current liabilities minus fixed assets
  • C. value of all assets
  • D. value of issued capital
View Answer & Discuss WAEC 2004
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14
Dividend is always expressed as a percentage of total
  • A. earnings of a business
  • B. value of shares owned
  • C. working capital
  • D. volume of business
View Answer & Discuss WAEC 2004
15
Which of the following is a duty of the Employers Association?
  • A. procuring raw materials at regular intervals
  • B. establishing a uniform wage scale
  • C. negotiating with the government on sites for firms
  • D. discharging workers when production is low
View Answer & Discuss WAEC 2004
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