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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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2231
A partnership cannot raise its capital by
A.
selling shares to the public
B.
personal contribution of partners
C.
admission of new partners
D.
undistributed profits
View Answer & Discuss
WAEC 2007
2232
Which of the following is not required in the mail order business?
A.
Warehouse
B.
Catalogue
C.
Display room
D.
Post office
View Answer & Discuss
WAEC 2007
2233
The staff responsible for the calculations of probability of losses in insurance is the
A.
Actuary
B.
Underwriter
C.
Broker
D.
Solicitor
View Answer & Discuss
WAEC 2007
2234
The rate at which the country's import exchanges for its export is known as
A.
Terms of trade
B.
Balance of trade
C.
Rate of exchange
D.
Terms of exchange
View Answer & Discuss
WAEC 2007
2235
Where a limited partner exists in a partnership
A.
no active partner is needed
B.
other partners must be nominal
C.
at least one ordinary partner must be there
D.
at least one member must be a legal practitioner
View Answer & Discuss
WAEC 2007
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