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Commerce 2010 WAEC Past Questions

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26

In which of the following are members entitled to one vote, irrespective of the number of shares held?

  • A. Public corporation
  • B. Partnership
  • C. Limited company
  • D. Co-operative society
View Answer & Discuss WAEC 2010
27

Mobile shopping involves selling

  • A. from motor van
  • B. at a particular spot in the city
  • C. in multiple shops only
  • D. from a vending machine
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28
The provision of adequate number of berths by which ships can load and off-load is the function of the
  • A. Department of Customs and Excise
  • B. Ports Authority
  • C. Shipping and Forwarding Agent
  • D. National Shipping Line
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29
Which of the following is not a disadvantage of a one-man business?
  • A. Unlimited liability owner
  • B. Life of business limited to life of owner
  • C. Personal control of business
  • D. Difficulty in raising additional capital
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30

Unlimited liability in business implies that the

  • A. risk of the owner is limited only to the amount invested
  • B. debts are paid with subventions
  • C. property of the owners should not be used to secure loans
  • D. owners private property can be used to settle the business debts
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