Waec Commerce 1997 Past Questions and Answers

Question 21:

• WAEC 1997

Span of control is defined as the

A. Authority of the supervisior
B. Qualification possessed by the supervisor
C. Number of staff in the organization
D. Number of surbodinates reporting directly to a supervisor
E. Ability of the supervisor to delegate authority

Question 22:

• WAEC 1997

An established pattern of relationships among members of an organization is known as

A. Organizational behaviour
B. Organizational structure
C. Organizational manual
D. Organizational climate
E. Span of control

Question 23:

• WAEC 1997

The aspect of management which ensures that there is no deviation from the set standards is called

A. Controlling
B. Planning
C. Commanding
D. Organizing
E. Directing

Question 24:

• WAEC 1997

When a Public Limited Company is incorporated it means that

A. It is entitled to commence business
B. It has been given certificate of trading
C. It has a legal existence
D. Its shares cannot be transffered
E. It has to issue a statutory declaration

Question 25:

• WAEC 1997

The Manager,
Afribank,
Lagos.
Please pay to Great Nigeria Insurance Company, from my account, a sum of #125.00 at the end of every month until further notice, starting from this month.
The above instruction is a

A. Bill of exchange
B. Certified cheque
C. Promissory note
D. Standing order
E. Letter of credit