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Commerce 2013 WAEC Past Questions

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26

The various rights attached to different classes of shares are stated in the

  • A. articles of association
  • B. memorandum of association
  • C. balance sheet
  • D. prospectus
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27

Which of the following is a feature of supermarkets?

  • A. Gives credit to reliable customers
  • B. Specializes in one line of product
  • C. Goods are on display with price tags
  • D. Does not have to provide storage facilities
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28

Public enterprises are financed mainly by

  • A. the shareholders
  • B. commercial banks
  • C. government grants
  • D. mortgage banks
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29

A personal computer on sale in an office equipment shop is an example of

  • A. stock
  • B. fixed asset
  • C. liability
  • D. fixed capital
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30

The difference between current assets and current liabilities is

  • A. Issued capital
  • B. capital employed
  • C. working capital
  • D. nominal capital
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