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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
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Commerce Past Questions
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Introduction to Commerce
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961
money spent for the day-to-day running of a business is called?
A.
fixed capital
B.
working capital
C.
equity capital
D.
capital employed
E.
authorized capital
View Answer & Discuss
WAEC 1990
962
which of the following is not a fixed asset of a business?
A.
sundry debtors
B.
patent
C.
machinery and plant
D.
goodwill
E.
loose tools
View Answer & Discuss
WAEC 1990
963
the main purpose of establishing a public corporation is to?
A.
make profit
B.
provide employment
C.
provide essential services
D.
compete with entrepreneurs
E.
establish a monopoly
View Answer & Discuss
WAEC 1990
964
a document that regulates the internal operations of a company is known as?
A.
memorandum of association
B.
articles of association
C.
prospectus
D.
certificate of incorporation
E.
certificate of trading
View Answer & Discuss
WAEC 1990
965
which of the following is not a reason for imposing a tariff? to
A.
correct an adverse balance of payments
B.
raise revenue for the government
C.
encourage imports
D.
protect infant industries
E.
encourage the consumption of home-produced goods
View Answer & Discuss
WAEC 1990
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