Waec Commerce 2003 Past Questions and Answers

Question 16:

• WAEC 2003

In which of the following do shareholders always vote according to their shareholdings?

A. Partnership
B. Cooperative society
C. Public limited company
D. Public corporation

Question 17:

• WAEC 2003

A public company has an authorized capital of 60,000 shares, A share costs 150k and the company has issued 36,000 shares. The issued capital would be?

A. N90,000
B. N60,000
C. N54,000
D. N36,000

Question 18:

• WAEC 2003

A public company has an authorized capital of 60,000 shares, A share costs 150k and the company has issued 36,000 shares. The issued capital would be?

A. N90,000
B. N60,000
C. N54,000
D. N36,000

Question 19:

• WAEC 2003

The rate of turnover of a company in a given year is 4 times while the average stock is N12,4OO. What is the turnover of the company?

A. N49,600
B. N24,800
C. N6,200
D. N3,100

Question 20:

• WAEC 2003

Which of the following is an advantage of large scale retailing?

A. Decline in personal service
B. Pilfering
C. High overhead cost
D. One-stop shopping