Waec Commerce 1998 Past Questions and Answers

Question 96:

• WAEC 1998

In the capital structure of a Public Limited Company, the term equity refers to

A. Preference shares
B. Ordinary shares
C. Debentures
D. Stocks
E. Bonds

Question 97:

• WAEC 1998

Which of the following is legally used by the insured while the policy is being processed?

A. Cover note
B. Proposal form
C. Indemnity form
D. Premium
E. Claim Form

Question 98:

• WAEC 1998

Which of the following guarantees payment on presentation?

A. Certified cheque
B. Crossed cheque
C. Order cheque
D. Bearer cheque
E. Open cheque

Question 99:

• WAEC 1998

One advantage of direct selling is

A. Low cost
B. Immediate feedback
C. Mass appeal
D. Self-service
E. Speedy market coverage

Question 100:

• WAEC 1998

Which of the following is not a business resource?

A. Market
B. Man
C. Money
D. Machine
E. Materials