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Commerce Past Questions

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4241

An association formed by computer distributors to safeguard and promote their interest is a

  • A. chamber of commerce
  • B. cooperative society
  • C. trade association
  • D. trade union
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4242

The issue of prospectus by a company is an invitation to members of the public to

  • A. subscribe to the company's shares
  • B. attend the company's Annual general Meeting
  • C. buy the company's products
  • D. attend the company's board meeting
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4243

Examples of current assets are

  • A. cash and trade debtors
  • B. cash and trade creditors
  • C. trade debtors, trade creditors and cash
  • D. trade creditors and trade debtors
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4244

When the cost of sales is divided by the average stock, the result is

  • A. gross profit
  • B. net profit
  • C. rate of turnover
  • D. working capital
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4245

The part of issued share capital that the company has asked the subscribers to pay for

  • A. authorised capital
  • B. called-up capital
  • C. nominal capital
  • D. paid-up capital
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208