Waec Commerce 2011 Past Questions and Answers

Question 6:

• WAEC 2011

Which of the following is used to inform the addressee that he has a registered parcel for collection?

A. Counterfoil
B. Express label
C. Slip
D. Telegram

Question 7:

• WAEC 2011

The co-operative society that performs a combination of the functions of other types of cooperatives is called

A. Consumer cooperative
B. Multipurpose cooperative
C. Producer cooperative
D. Thrift and credit cooperative

Question 8:

• WAEC 2011

That portion of the share capital which the company has asked the shareholders to pay for is known as

A. Authorized capital
B. Paid-up capital
C. Issued capital
D. Called-up capital

Question 9:

• WAEC 2011

One of the advantages of air transport over other forms of transport is

A. Safety
B. Flexibility
C. Cost
D. Speed

Question 10:

• WAEC 2011

Which of the following are elements of a valid contract?

A. Dishcarge and performance
B. Offer and acceptance
C. Age and maturity
D. Promise and capacity