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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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2301
Information requested from a bank concerning the credit worthiness of a new customer to a business is
A.
private enquiry
B.
status enquiry
C.
general enquiry
D.
letter of enquiry
View Answer & Discuss
WAEC 2008
2302
The document which gives legal authority to a company to operate as a legal entity is
A.
Memorandum of Association
B.
Article of Association
C.
Share Certificate
D.
Certificate of Incorporation
View Answer & Discuss
WAEC 2008
2303
A business that is independent of its owners is a
A.
sole proprietorship
B.
partnership
C.
limited liability company
D.
co-operative society
View Answer & Discuss
WAEC 2008
2304
The amount paid regularly by the assured to the insurer is
A.
dividend
B.
premium
C.
interest
D.
indemnity
View Answer & Discuss
WAEC 2008
2305
The net profit is calculated as
A.
sales less purchases
B.
sale less expenses
C.
gross profit less expenses
D.
gross profit less purchases
View Answer & Discuss (1)
WAEC 2008
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