Waec Commerce 2018 Past Questions and Answers

Question 11:

• WAEC 2018

which of the following statement is true of a debenture?

A. Its holders receive interest
B. It forms part of a company's authorized capital
C. Its owners are co-owners of the company
D. Its owners control the company

Question 12:

• WAEC 2018

The path through which a product moves from the manufacturer to the consumer is a?

A. Channel of communication
B. Line of production
C. Means of transportation
D. Channel of distribution

Question 13:

• WAEC 2018

If the opening stock of Ali ltd is N40,000, cost of goods sold is N48,000 and closing stock is N24,000, its rate of turn over will be?

A. 1.2 times
B. 1.5 times
C. 2.0 times
D. 7.5 times

Question 14:

• WAEC 2018

A business which requires a certificate of trading in order to commence operation is a?

A. Co-operative society
B. Private company
C. Sole propietorship
D. Public company

Question 15:

• WAEC 2018

Exchange of goods in international market which does not involve the use of money is a

A. Barter trade
B. Entreport trade
C. Counter trade
D. Bilateral trade