Waec Commerce 1999 Past Questions and Answers

Question 16:

• WAEC 1999

Which of the following documents is used to advertise shares to the public?

A. Letter of allotment
B. Articles of association
C. Memorandum of asscociation
D. Prospectus

Question 17:

• WAEC 1999

A major advantage of the private company over a partnership is that the private company

A. Can sell shares
B. Has limited liability
C. Can publish its account
D. Is allowed to borrow from commercial banks

Question 18:

• WAEC 1999

Which of the following is a contract of carriage and a document of title?

A. Indent
B. Bill of lading
C. Pro forma invoice
D. Is allowed to borrow from commercial banks

Question 19:

• WAEC 1999

Which of the following is not a feature of a Department Store?

A. One-stop-shopping
B. Deals in one line of goods
C. Use of trolleys
D. Convenient location

Question 20:

• WAEC 1999

A major cost component of running a mail order firm is the

A. Printing of catalogues
B. Paying salemen's salaries
C. Renting shops
D. Travelling expenses