Waec Commerce 2007 Past Questions and Answers

Question 21:

• WAEC 2007

Which of the following is best organized as a partnership?

A. Drilling and marketing of crude oil
B. Brewing and distribution of beer
C. Designing and building of houses
D. Assembling and marketing of vehicles

Question 22:

• WAEC 2007

Public enterprises are financed mainly by

A. The shareholders
B. Commercial banks
C. Government grants
D. The World Bank

Question 23:

• WAEC 2007

Contributing money to buy equipment for making and marketing a product is a feature of

A. Thrift societies
B. Public limited companies
C. Consumers' cooperatives
D. Producers' cooperatives

Question 24:

• WAEC 2007

The operations of a private company is guided by the

A. Deed
B. Certificate of trading
C. Certificate of incorporation
D. Company's act

Question 25:

• WAEC 2007

The various rights attached to different classes of shares are stated in the

A. Articles of association
B. Memorandum of association
C. Balance sheet
D. Prospectus