Waec Commerce 1993 Past Questions and Answers

Question 11:

• WAEC 1993

Which of the following statements is true of the manufacturing industry?

A. The factors of production cannot move to other occupations
B. It is involved in changing raw materials to finished goods
C. Its product cannot be distributed to consumers
D. It doesn't not benefit from the services of direct labour
E. The workers are unskilled

Question 12:

• WAEC 1993

Any action taken by a company outside its stated objective is regarded as?

A. Caveat vendetta
B. Trepass
C. Ultra vires
D. Uberrimae fidei
E. A nuisance

Question 13:

• WAEC 1993

Incorporation simply means the?

A. Floating of a company
B. Reorganization of a company
C. Birth of a company
D. Registration of the Memorandum of Association
E. Appointment of a new Board of Directors

Question 14:

• WAEC 1993

A business unit whose membership ranges from 2-50 is a?

A. Public corporation
B. Partnership
C. Public company
D. Private company
E. Co-operative society

Question 15:

• WAEC 1993

Founders shares are usually referred to as deferred shares because the holders?

A. Are not entitled to any dividend
B. Receives their dividends before other share holders
C. Are the managers of the company
D. Receive dividends after other shareholders
E. Are entitled to accumulative dividends