Waec Commerce 1995 Past Questions and Answers

Question 6:

• WAEC 1995

Which of the following is true about cumulative preference shares?

A. Any unpaid dividend is carried forward
B. The shareholders can obtain a capital refund
C. They are entitled to further share in profit
D. Any unpaid dividend is forfeited
E. The dividend declared is accumulated in a reserve account

Question 7:

• WAEC 1995

A public limited company has the rights and duties of an individual because it?

A. Has a board of directors
B. Has a trading certificate
C. Has corporate status'
D. Has a memorandum of association
E. Is so stated in articles of association

Question 8:

• WAEC 1995

The total indebtedness of a business is the same as its

A. Liabilities
B. Liquid capital
C. Solvency
D. Capital employed
E. Working capital

Question 9:

• WAEC 1995

All activities involved in the distribution and exchange of goods and services are referred to as?

A. Trade
B. Market survey
C. Advertising
D. Commerce
E. Sales promotion

Question 10:

• WAEC 1995

Land as a factor of production comprises?

A. All resources provided by nature
B. The earth surface only
C. Land surface and vegetation
D. Efforts to exploit the earth
E. The oceans and rivers only