Waec Commerce 2000 Past Questions and Answers

Question 6:

• WAEC 2000

The total value of fixed and current assets is?

A. Working capital
B. Capital employed
C. Fixed capital
D. Capital owned

Question 7:

• WAEC 2000

Which of the following is true about cumulative preference shares?

A. Unpaid dividends are carried forward
B. Shareholders can secure capital refund on demand
C. Shareholders are entitled to further share of profit
D. Dividends are paid into a special account

Question 8:

• WAEC 2000

Which of the following is true about cumulative preference shares?

A. Unpaid dividends are carried forward
B. Shareholders can secure capital refund on demand
C. Shareholders are entitled to further share of profit
D. Dividends are paid into a special account

Question 9:

• WAEC 2000

A debenture is mortgaged when it is?

A. Not secured on the the assets of a company
B. Secured on the assets of a company
C. Irredeemable
D. Redeemable

Question 10:

• WAEC 2000

A retail outlet which sells a fairly narrow range of goods with a number of branches in different towns is a?

A. Supermarket
B. Mail-order shop
C. Mobile shop
D. Multiple shop