Waec Commerce 1991 Past Questions and Answers

Question 71:

• WAEC 1991

An organization chart shows the?

A. Relative position of employeesin a firm
B. Customers position in a firm
C. Order in which tasks should be tackled
D. Specification of various jobs in a firm
E. The profit position of the firm

Question 72:

• WAEC 1991

A bill of exchange to which document of title are attached is known as?

A. Documentary credit
B. Certified bill
C. Documentary bill
D. Irrevocable bill
E. Bill of lading

Question 73:

• WAEC 1991

Which of the following policies could be taken for a guaranteed life income?

A. Endowment assurance
B. Household policy
C. Annuity
D. Personal accident insurance
E. Consequential loss insurance

Question 74:

• WAEC 1991

Buildings, machines and more vehicles used for purpose of production are examples of?

A. Current assets
B. Current liabilities
C. Working capital
D. Fixed assets
E. Liquid assets

Question 75:

• WAEC 1991

The nominal capital of a company is the same as?

A. Authorized capital
B. Issued capital
C. Capital owned
D. Capital employed
E. Called-up capital