Waec Commerce 2005 Past Questions and Answers

Question 11:

• WAEC 2005

Which of the following would not affect the form of a business unit?

A. Availability of raw materials
B. The type of business
C. Number of persons involved
D. The capital size

Question 12:

• WAEC 2005

Partnership form of business is most appropriate?

A. Where professionals are needed
B. For non-profit making ventures
C. Where very large capital is required
D. Where the liability of members is limited

Question 13:

• WAEC 2005

The nominal value of a share is the same as its?

A. Market value
B. Below par value
C. Above par value
D. Face value

Question 14:

• WAEC 2005

The nominal value of a share is the same as its?

A. Market value
B. Below par value
C. Above par value
D. Face value

Question 15:

• WAEC 2005

Which of the following is an intangible assets of a firm?

A. Goodwill
B. Reserve
C. Skilled personnel
D. Rights issue