Waec Commerce 1999 Past Questions and Answers

Question 6:

• WAEC 1999

Which of the following enables people to consume a variety of goods and services?

A. Labour
B. Capital
C. Land
D. Exchange

Question 7:

• WAEC 1999

A business unit in which profits are shared on the basis of members' patronage is known as

A. Partnership
B. Public limited company
C. Co-operative society
D. Private limited company

Question 8:

• WAEC 1999

A public limited company wishing to obtain more capital may have to

A. Apply for subvention
B. Buy treasury bills
C. Buy second-hand securities
D. Issue debentures

Question 9:

• WAEC 1999

The safe keeping of goods from the point of production to the time they are needed is`

A. Standardizing
B. Warehousing
C. Hoarding
D. Stock controlling

Question 10:

• WAEC 1999

The document which regulates the operations of a partnership is known as

A. Deed
B. Articles of Association
C. Prospectus
D. Certificate of trading