Waec Commerce 1990 Past Questions and Answers

Question 56:

• WAEC 1990

the production of goods in anticipation of demand is made possible by?

A. Packaging
B. Warehousing
C. Branding
D. Advertising
E. Transporting

Question 57:

• WAEC 1990

total sales less total returns inwards is called?

A. Purchases
B. Net profit
C. Gross profit
D. Average stock
E. Net sales

Question 58:

• WAEC 1990

which of the following currencies does/do not belong to any country within the ECOWAS?

A. Naira and kobo
B. Dalasi
C. Cedis and pesewas
D. Leo
E. Kwasha and shilling

Question 59:

• WAEC 1990

which of the following is not a means of raising capital by a promoter?

A. Goodwill
B. Borrowing
C. Selling of shares
D. Selling real assets
E. Past savings

Question 60:

• WAEC 1990

which of the following is a feature of co-operative society?

A. Dividend is based on the number of shares sold
B. Limited membership
C. Owned and run by the state
D. Democratic controll and management
E. Voting rights are not equal