Waec Commerce 1989 Past Questions and Answers

Question 36:

• WAEC 1989

The amount of new capitals with which a new company proposes to be registered is called?

A. Called-up capital
B. Nominal capital
C. Fixed capital
D. Issued capital
E. Circulating capital

Question 37:

• WAEC 1989

The part of business capital with which capital that does not change its form in the process of production is known as?

A. Circulating capital
B. Nominal capital
C. Liquid capital
D. Fixed capital
E. Working capital

Question 38:

• WAEC 1989

Which of the following is gilt-edge security?

A. Government bonds and stocks
B. Gold mine stocks
C. Company shares and stocks
D. Life assurrance policy
E. Bank stocks and securities

Question 39:

• WAEC 1989

Pure profits is the elements of the paid?

A. For land
B. For capital
C. A manager
D. To an enterpreneur
E. For labour

Question 40:

• WAEC 1989

The factor of production which is described as wealth set aside for the the production of further wealth is called?

A. Emterpreneur
B. Land
C. Capital
D. Goodwill
E. Labour