Waec Commerce 2020 Past Questions and Answers

Question 46:

• WAEC 2020

An association formed by computer distributors to safeguard and promote their interest is a?

A. Chamber of commerce
B. Cooperative society
C. Trade association
D. Trade union

Question 47:

• WAEC 2020

The issue of prospectus by a company is an invitation to members of the public to?

A. Subscribe to the company`s shares
B. Buy the company`s product
C. Attend the company`s boards meeting

Question 48:

• WAEC 2020

Examples of currents assets are?

A. Cash and trade debtors
B. Cash and trade cresitors
C. Trade debtors, trade creditors and cash
D. Trade creditors and trade debtors

Question 49:

• WAEC 2020

When the cost of sales is divided by the average stock, the result is?

A. Gross profit
B. Net profit
C. Rate of turnover
D. Working capital

Question 50:

• WAEC 2020

The part of issued share capital that the company has asked the subscribers to pay for is?

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