Waec Commerce Past Questions and Answers

Question 161:

• WAEC 1990

a company has recently advertised an issue of one million ordinary shares of 50kobo and 65kobo per share.wen the issue is fully paid the company will collect?

A. N65,000.00
B. N500,000.00
C. N650,000.00
D. N1,000,000.00
E. N65,000,000.00

Question 162:

• WAEC 1990

which of the following is not the function of a small? retailer

A. Supplying goods to the final consumer
B. Breaking goods into small units
C. Granting credits to known customers
D. Furnishing information to the wholesaler
E. Selling in large quantities

Question 163:

• WAEC 1990

a speculator in the stock exchange market who sells securities in expectation of a fall in their prices is called?

A. Broker
B. A bull
C. A bear
D. An investor
E. A stag

Question 164:

• WAEC 1990

an association formed by Tyre manufacturers to safeguard and promote their interests is known as

A. Co-operative society
B. Chamber of commerce
C. Trade union
D. Consortium
E. Trade association

Question 165:

• WAEC 1990

the reward of capital is?

A. Dividend
B. Interest
C. Profit
D. Rent
E. Rebate