Waec Commerce 2003 Past Questions and Answers

Question 31:

• WAEC 2003

Which of the following documents is required when a bill of lading is not readily available to enable the goods to be landed?

A. Bill of exchange
B. Certificate of origin
C. Consumers invoice
D. Bill of sight

Question 32:

• WAEC 2003

Total assets minus current liabilities is equal to a company's?

A. Gross profit
B. Net profit
C. Capital owned
D. Capital employed

Question 33:

• WAEC 2003

A public limited liability company can be enter into contracts because it?

A. Has many employees
B. Has shareholders
C. Is legal entity
D. Is allowed to take out debentures

Question 34:

• WAEC 2003

A public limited liability company can be enter into contracts because it?

A. Has many employees
B. Has shareholders
C. Is legal entity
D. Is allowed to take out debentures

Question 35:

• WAEC 2003

Taxes imposed on locally made goods are known as?

A. Ad valorem
B. Import duties
C. Export drawback
D. Excise duties