Waec Commerce Past Questions and Answers

Question 686:

• WAEC 1996

Which of the following is an advantage of personal selling?

A. Immediate feedback
B. Low cost
C. Self service
D. Speedy market coverage
E. Selling to many people at a time

Question 687:

• WAEC 1996

A partner who does not play an active role in a business but contributes capital is a

A. Secret partner
B. Dormant partner
C. Nominal partner
D. Limited partner
E. General partner

Question 688:

• WAEC 1996

Which of the following is not included in the Memorandum of Association?

A. Winding up procedure
B. Objectives of the company
C. Address of the registered office
D. Amount of capital
E. Conditions for amendment of the memorandum

Question 689:

• WAEC 1996

Which of the following is not a source of capital?

A. Personal savings
B. Credit transfer
C. Bank Loan
D. Credit purchase
E. Debenture

Question 690:

• WAEC 1996

The contract between ship owners and hires whereby the hires take full control of the ship is called?

A. Time charter
B. Charter by demise
C. Shipping conference
D. Voyage charter
E. Charter party