Waec Commerce 1996 Past Questions and Answers

Question 56:

• WAEC 1996

Which of the following is an advantage of personal selling?

A. Immediate feedback
B. Low cost
C. Self service
D. Speedy market coverage
E. Selling to many people at a time

Question 57:

• WAEC 1996

A partner who does not play an active role in a business but contributes capital is a

A. Secret partner
B. Dormant partner
C. Nominal partner
D. Limited partner
E. General partner

Question 58:

• WAEC 1996

Which of the following is not included in the Memorandum of Association?

A. Winding up procedure
B. Objectives of the company
C. Address of the registered office
D. Amount of capital
E. Conditions for amendment of the memorandum

Question 59:

• WAEC 1996

Which of the following is not a source of capital?

A. Personal savings
B. Credit transfer
C. Bank Loan
D. Credit purchase
E. Debenture

Question 60:

• WAEC 1996

The contract between ship owners and hires whereby the hires take full control of the ship is called?

A. Time charter
B. Charter by demise
C. Shipping conference
D. Voyage charter
E. Charter party