Waec Commerce 2013 Past Questions and Answers

Question 31:

• WAEC 2013

The difference between current assets and current liabilities is

A. Issued capital
B. Capital employed
C. Working capital
D. Nominal capital

Question 32:

• WAEC 2013

A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the company issued 1,200,000 shares, its issued capital is

A. D 10,0000,000
B. D6,000,000
C. D4,000,000
D. D2,000,000

Question 33:

• WAEC 2013

The money issued by Ola Maro and Co Ltd. in running the day to day activities of the business is represented by

A. Fixed capital
B. Capital employed
C. Paid-up capital
D. Working capital

Question 34:

• WAEC 2013

Which of the following is an advantage of a sole trader?

A. Guaranteed profit
B. Quick decision-making
C. Unlimited liabilty
D. Buying on credit

Question 35:

• WAEC 2013

A person's deliberate decision to reduce the value of her currency is called

A. Deregulation
B. Inflation
C. Devaluation
D. Revaluation