Waec Commerce 1993 Past Questions and Answers

Question 16:

• WAEC 1993

The reward of shareholding in a company is?

A. Profit
B. Dividend
C. Interest
D. Bonus
E. Premium

Question 17:

• WAEC 1993

Which of the following is not a source of capital to a sole proprietor?

A. Loan from firends
B. Personal savings
C. Ploughing back profit
D. Borrow from relations
E. Borrowing through debentures

Question 18:

• WAEC 1993

Which of the following is not an important reason for government ownership of industries?

A. Provision of essential services
B. Large capital requirements
C. Avoiding duplication of services
D. Preventing private monopoly
E. Making high profit

Question 19:

• WAEC 1993

In a limited partnership, the liability of most of the partners is?

A. Pegged
B. Unlimited
C. Limited
D. Unpredictable
E. Restricted

Question 20:

• WAEC 1993

The rights, responsibilities and liabilities of each partner are specified in the?

A. Memorandum of association
B. Prospectus
C. Articles of association
D. Deed of partnership
E. Deed of conveyance