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Commerce 2009 WAEC Past Questions

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21

Which of the following is a source of capital to a sole proprietorship?

  • A. Loans from friends
  • B. Admission of new member
  • C. Issue of shares
  • D. Issue of debentures
View Answer & Discuss WAEC 2009
22

A ship that travels without schedule is called a

  • A. passenger liner
  • B. tramp
  • C. cargo liner
  • D. tanker
View Answer & Discuss WAEC 2009
23

For overstaying in a port, a ship is charged a fine called

  • A. dock due
  • B. commission
  • C. interest
  • D. demurrage
View Answer & Discuss WAEC 2009
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24
Stocks, shares and debentures traded in the stock exchange are called
  • A. bears
  • B. bulls
  • C. securities
  • D. collaterals
View Answer & Discuss (1) WAEC 2009
25
Which of the following is a reduction in the catalogue price?
  • A. Rebate
  • B. Cash discount
  • C. Commission
  • D. Trade discount
View Answer & Discuss WAEC 2009
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