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Commerce 2014 WAEC Past Questions

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41
The part of authorized capital of a company sold to shareholders is
  • A. paid-up capital
  • B. called-up capital
  • C. issued capital
  • D. nominal capital
View Answer & Discuss WAEC 2014
42

A person who contributes money to a partnership business and is also involved in its general supervision is called

  • A. An active partner
  • B. a limited partner
  • C. A dormant partner
  • D. a nominal partner
View Answer & Discuss WAEC 2014
43

A business obtains part of its short-term capital from

  • A. bonds
  • B. debentures
  • C. trade credit
  • D. ordinary shares
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44
A postal service that allows a company's customers to reply to its advertisements at the expense of the company is
  • A. recorded delivery service
  • B. post restante
  • C. express delivery service
  • D. business reply service
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45

A voluntary association which consists of people who represents a cross section of business interests in an area is a

  • A. Trade Association
  • B. Trade Union
  • C. Chamber of Commerce
  • D. Consumer's Association
View Answer & Discuss (1) WAEC 2014
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