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Commerce 2014 WAEC Past Questions

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31

An amount paid by a bull who wishes to defer the purchase of shares to the next accounting period is

  • A. brokerage
  • B. backwardation
  • C. contango
  • D. commission
View Answer & Discuss (2) WAEC 2014
32
Foreign trade is concerned with
  • A. exchange of goods and services among companies
  • B. buying and selling of imported goods
  • C. exchange of goods and services among citizens
  • D. buying and selling of goods and services among countries
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33
The distribution of goods creates
  • A. time utility
  • B. place utility
  • C. form utility
  • D. possession utility
View Answer & Discuss (1) WAEC 2014
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34
The documents issued by the Registrar of companies which allows a public company to commence business is called
  • A. trading certificate
  • B. prospectus
  • C. certificate of incorporation
  • D. memorandum of association
View Answer & Discuss (1) WAEC 2014
35
A cheque bearing a date showing that it was issued more than six months ago is termed a
  • A. blank cheque
  • B. bearer cheque
  • C. stale cheque
  • D. order cheque
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