Waec Commerce 1991 Past Questions and Answers

Question 11:

• WAEC 1991

In winding-up a company, the assets of the company are vested in the hands of the?

A. Receiver
B. Liquidator
C. Registrar of companies
D. Directors of companies
E. The government

Question 12:

• WAEC 1991

When more shares are applied for than are offered for sale the offer is said to be over?

A. Issued
B. Floated
C. Subscribed
D. Valued
E. Traded

Question 13:

• WAEC 1991

Which of the following deals with the problems involved in selling of a particular product?

A. Market research
B. Market segmentation
C. Market sharing
D. Marketing research
E. Merchandising

Question 14:

• WAEC 1991

If a seller discovers that he had understand a buyer, which of the following documents will use to correct the error?

A. A promissory note
B. A credit book
C. An advice note
D. A debit note
E. A statement of account

Question 15:

• WAEC 1991

The ship owner's receipt for the goods accepted for carriage in a ship is called?

A. Ship manifest
B. Charter party
C. Mate's receipt
D. Bill of exchange
E. Bill of lading