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Commerce 2005 WAEC Past Questions

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11
Partnership form of business is most appropriate?
  • A. where professionals are needed
  • B. for non-profit making ventures
  • C. where very large capital is required
  • D. where the liability of members is limited
View Answer & Discuss WAEC 2005
12
The nominal value of a share is the same as its?
  • A. market value
  • B. below par value
  • C. above par value
  • D. face value
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13
The nominal value of a share is the same as its?
  • A. market value
  • B. below par value
  • C. above par value
  • D. face value
View Answer & Discuss WAEC 2005
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14
Which of the following is an intangible assets of a firm?
  • A. Goodwill
  • B. Reserve
  • C. Skilled personnel
  • D. Rights issue
View Answer & Discuss WAEC 2005
15
The net profit of a business is determined by?
  • A. deducting cost of goods sold from sales
  • B. deducting purchases from sales
  • C. adding commission received to gross profit
  • D. deducting all expenses from gross profit and other income
View Answer & Discuss (10) WAEC 2005
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