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Commerce 2023 WAEC Past Questions

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26

A similarity of private and public company is that they

  • A. sell shares on the stock exchange
  • B. have equal number of members
  • C. receive certificate of incorporation
  • D. are required to publish their final accounts
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27

The term 2%/15 net 30 represents a

  • A. seasonal discount
  • B. quantity discount
  • C. cash discount
  • D. trade discount
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28

Buying and selling products through a network of digital devices is

  • A. e-commerce
  • B. e-payment
  • C. e-transfer
  • D. e-mail
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29

A document in which the internal regulations of a company are stated is

  • A. Certificate of Incoporation
  • B. Articles of Association
  • C. Memorandum of Association
  • D. Partnership Deed
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30

Which of the following is not a type of security?

  • A. Stock
  • B. Overdraft
  • C. Share
  • D. Debenture
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