Waec Commerce 2013 Past Questions and Answers

Question 41:

• WAEC 2013

A physical restriction placed on the quantity of goods that can be imported is

A. A ban
B. A quota
C. An excise duty
D. An import tax

Question 42:

• WAEC 2013

A country is said to achieve a trade surplus when total

A. Visible exports exceed total visible imports
B. Invisible exports exceed total invinsible imports
C. Visible exports exceed total invisible imports
D. Visible imports exceed total visible exports

Question 43:

• WAEC 2013

The process of winding up a public limited company by a court order is known as

A. Termination
B. Dissolution
C. Voluntary liquidation
D. Compulsory liquidation

Question 44:

• WAEC 2013

A person who undertakes responsibility for forming a new company is

A. Auditor
B. Solicitor
C. Registrar
D. Promoter

Question 45:

• WAEC 2013

A term which describes the value of business connections made by a company over the years is known as

A. Patent
B. Copyright
C. Goodwill
D. Trade mark