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Commerce 2013 WAEC Past Questions

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11

The Board of Directors of Public corporation is appointed by the

  • A. government
  • B. shareholders
  • C. management
  • D. employees
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12

The object clause of a limited liability company is stated in the

  • A. Memorandum of Association
  • B. Article of Association
  • C. Certificate of Incorporation
  • D. Trading certificate
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13
A market which deals in the purchase and sale of second hand securities is the
  • A. Stock Exchange
  • B. Building Society
  • C. Shippers Council
  • D. Co-operative
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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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14
To endorse a cheque means to
  • A. write and sign one's name at the back of the cheque
  • B. write "pay cash" on the cheque
  • C. cross the cheque
  • D. stop the payment of the cheque
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15
An insurance policy that covers the body of the ship only is called
  • A. Haulage insurance
  • B. Voyage insurance
  • C. Hull insurance
  • D. Cargo insurance
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