Waec Commerce Past Questions and Answers

Question 581:

• WAEC 1995

When a company sells shares to existing shareholders at preferential rate, that is called?

A. Rights issue
B. Bonus issue
C. Private placing
D. Sale by auction
E. Lssue by prospectus

Question 582:

• WAEC 1995

Which of the following must be include in the Articles of Association?

A. Voting rights of the shareholders
B. The objects of the business
C. The address of the registered office
D. Statement that liability is limited
E. List of types of shares

Question 583:

• WAEC 1995

Which of the following enables production to take place ahead of demand?

A. Transporting
B. Advertising
C. Importing
D. Warehousing
E. Exporting

Question 584:

• WAEC 1995

Called-up capital is the amount?

A. Paid on allotment
B. Paid ontirstcall
C. Paid on appilication
D. Demanded on shares issued
E. . paid-up on all shares

Question 585:

• WAEC 1995

Which of the following is true about cumulative preference shares?

A. Any unpaid dividend is carried forward
B. The shareholders can obtain a capital refund
C. They are entitled to further share in profit
D. Any unpaid dividend is forfeited
E. The dividend declared is accumulated in a reserve account