Waec Commerce 2011 Past Questions and Answers

Question 41:

• WAEC 2011

Rights issue is the

A. Individual's right to be issued shares n subscription
B. Right of shareholders to voteon issues
C. Preferntial right to returns on shares
D. Shares offered to existing shareholders at a cheaper price

Question 42:

• WAEC 2011

Which of the following pieces of information would be found in a typical debit note

A. Customer code
B. Date of invoice
C. Brief reason for the debit
D. E & O.E

Question 43:

• WAEC 2011

The completion of the production process by grading and branding of goods is a function of the

A. Transporter
B. Wholesaler
C. Retailer
D. Consumer

Question 44:

• WAEC 2011

The development of commerce was encouraged by the desire to

A. Get goods and services of others
B. Work with others
C. Create wealth for the nation
D. Satisfy all wants and needs

Question 45:

• WAEC 2011

Which of the following is not a member of the Lake Chad Basin Commission

A. Nigeria
B. Chad
C. Gabon
D. Cameroun