Waec Commerce 2004 Past Questions and Answers

Question 11:

• WAEC 2004

The amalgamation of firms engaged in cotton processing and the manufacturing of textiles is

A. Horizontal integration
B. Vertical integration
C. Lateral integration
D. Joint venture

Question 12:

• WAEC 2004

A private company's ability to raise capital is limited because

A. Its borrowing powers are limited
B. Membership does not exceed 50
C. Shares cannot be made public
D. Of limited collateral security

Question 13:

• WAEC 2004

An increase in the volume of sales is also an increase in

A. Profit
B. Turnover
C. Fixed assets
D. Owner's equity

Question 14:

• WAEC 2004

The working capital of a firm is calculated as

A. Current assets minus current liabilities
B. Current liabilities minus fixed assets
C. Value of all assets
D. Value of issued capital

Question 15:

• WAEC 2004

Dividend is always expressed as a percentage of total

A. Earnings of a business
B. Value of shares owned
C. Working capital
D. Volume of business