Waec Commerce 2009 Past Questions and Answers

Question 26:

• WAEC 2009

Which of the following is a reduction in the catalogue price?

A. Rebate
B. Cash discount
C. Commission
D. Trade discount

Question 27:

• WAEC 2009

The document which helps to determine the country from where goods were imported is

A. Bill of lading
B. Ship's manifest
C. Certificate of origin
D. Certificate of trading

Question 28:

• WAEC 2009

The internal regulations of a limited company are stated in the

A. Memorandum of Association
B. Certificate of Incorporation
C. Articles of Association
D. Share certificate

Question 29:

• WAEC 2009

Which of the following features is common to all retailers

A. Opearting as sole-proprietors
B. Selling to the final consuumers
C. Operating with small capital
D. Selling on hire purchase to consumers

Question 30:

• WAEC 2009

A private limited company differs from a public limited company because it

A. Offers rights issues to existing shareholders
B. Has a separate entity from the owners
C. Cannot easily transfer shares
D. Declares dividend