Waec Commerce 2014 Past Questions and Answers

Question 41:

• WAEC 2014

The issue of Certificate of Incorporation to a company means that it has

A. Started production
B. Legally come into being
C. Appointed a board of directors
D. Merged with another company

Question 42:

• WAEC 2014

The part of authorized capital of a company sold to shareholders is

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

Question 43:

• WAEC 2014

A person who contributes money to a partnership business and is also involved in its general supervision is called

A. An active partner
B. A limited partner
C. A dormant partner
D. A nominal partner

Question 44:

• WAEC 2014

A business obtains part of its short-term capital from

A. Bonds
B. Debentures
C. Trade credit
D. Ordinary shares

Question 45:

• WAEC 2014

A postal service that allows a company's customers to reply to its advertisements at the expense of the company is

A. Recorded delivery service
B. Post restante
C. Express delivery service
D. Business reply service