Waec Commerce Past Questions and Answers

Question 586:

• WAEC 1995

A public limited company has the rights and duties of an individual because it?

A. Has a board of directors
B. Has a trading certificate
C. Has corporate status'
D. Has a memorandum of association
E. Is so stated in articles of association

Question 587:

• WAEC 1995

The total indebtedness of a business is the same as its

A. Liabilities
B. Liquid capital
C. Solvency
D. Capital employed
E. Working capital

Question 588:

• WAEC 1995

All activities involved in the distribution and exchange of goods and services are referred to as?

A. Trade
B. Market survey
C. Advertising
D. Commerce
E. Sales promotion

Question 589:

• WAEC 1995

Land as a factor of production comprises?

A. All resources provided by nature
B. The earth surface only
C. Land surface and vegetation
D. Efforts to exploit the earth
E. The oceans and rivers only

Question 590:

• WAEC 1995

Goods are usually classified into?

A. Saleable and nonisaleable good
B. Inferior and superior goods
C. Luxurious and essential goods
D. Producer and consumer goods
E. Home made and foreign made goods