Waec Commerce 2002 Past Questions and Answers

Question 11:

• WAEC 2002

Which of the following is an internal source of capital to a business concern?

A. Trade credit
B. Debenture
C. Overdraft
D. Retain profit

Question 12:

• WAEC 2002

When shares are sold "EX-DIV" it means that?

A. No dividend is paid on the shares
B. The buyer receives the dividend
C. The seller receives the dividends
D. The stock exchange retains the dividend

Question 13:

• WAEC 2002

Detailed information about a public offer of a company's shares is contained in the?

A. Memorandum of association
B. Article of association
C. Letter of enquiry
D. Prospectus

Question 14:

• WAEC 2002

Where two or more companies agree to work on a project too large for one of them, this is called?

A. Consortium
B. Merger
C. Combination
D. Cartel

Question 15:

• WAEC 2002

A retail outlet meant to sell only a particular manufacturer's product known as a?

A. Co-operative shop
B. Chain store
C. Department store shop
D. Tied