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Commerce 2005 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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41

The nominal value of a share is same as its

  • A. market value
  • B. below par value
  • C. above par value
  • D. face value
View Answer & Discuss (4) WAEC 2005
42
Which of the following is an intangible asset of a firm
  • A. Goodwill
  • B. Reserve
  • C. Skilled personnel
  • D. Rights issue
View Answer & Discuss (1) WAEC 2005
43
The net profit of a business is determined by
  • A. deducting cost of goods sold from sales
  • B. deducting purchases from sales
  • C. adding commissions recieved to gross profit
  • D. deducting all expenses from gross profit and other income
View Answer & Discuss WAEC 2005
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44
An organization formed mainly by traders on the same line of business is known as
  • A. trade union
  • B. cooperative society
  • C. trade association
  • D. chamber of commerce
View Answer & Discuss (1) WAEC 2005
45
A bank's undertaking to pay an exporter on behalf of an importer is a
  • A. documentary credit
  • B. letter of credit
  • C. letter of hypothecation
  • D. bill of exchange
View Answer & Discuss WAEC 2005
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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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