Waec Commerce Past Questions and Answers

Question 1691:

• WAEC 2010

Which of these qualities guarantees the keeping of money for a long period?

A. Acceptability
B. Divisibility
C. Durability
D. Homogenity

Question 1692:

• WAEC 2010

Which of the following is not a source of fund for sole-proprietorship?

A. Personal savings
B. Borrowing from friends and relatives
C. Borrowing from financial institution
D. Government bonds

Question 1693:

• WAEC 2010

Which of the following is not an advantage of partnership?

A. Diversified managerial talents
B. Greater financial resources
C. Freedom to terminate business
D. Account is not made public

Question 1694:

• WAEC 2010

Which of the following is used for a single payment of many people at the same time through a bank instead of writing separate cheques?

A. Debit transfer
B. Credit transfer
C. Certified cheque
D. Crossed cheque

Question 1695:

• WAEC 2010

The legal document that gives a individual power to protect his own piece of invention is called

A. Copyright
B. License
C. Patent right
D. Trademark