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Commerce 2013 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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31

A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the company issued 1,200,000 shares, its issued capital is

  • A. D 10,0000,000
  • B. D6,000,000
  • C. D4,000,000
  • D. D2,000,000
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32

The money issued by Ola Maro and Co Ltd. in running the day to day activities of the business is represented by

  • A. fixed capital
  • B. capital employed
  • C. paid-up capital
  • D. working capital
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33

Which of the following is an advantage of a sole trader?

  • A. Guaranteed profit
  • B. Quick decision-making
  • C. Unlimited liabilty
  • D. Buying on credit
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34

A person's deliberate decision to reduce the value of her currency is called

  • A. deregulation
  • B. inflation
  • C. devaluation
  • D. revaluation
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35

Which of the following is not a function of warehousing

  • A. Creating security of goods
  • B. Stabilization of price
  • C. Production ahead of demand
  • D. Storage of goods
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts