Waec Commerce Past Questions and Answers

Question 1726:

• WAEC 2011

That portion of the share capital which the company has asked the shareholders to pay for is known as

A. Authorized capital
B. Paid-up capital
C. Issued capital
D. Called-up capital

Question 1727:

• WAEC 2011

One of the advantages of air transport over other forms of transport is

A. Safety
B. Flexibility
C. Cost
D. Speed

Question 1728:

• WAEC 2011

Which of the following are elements of a valid contract?

A. Dishcarge and performance
B. Offer and acceptance
C. Age and maturity
D. Promise and capacity

Question 1729:

• WAEC 2011

The last link in the channel of distribution is the

A. Retailer
B. Consumer
C. Wholesaler
D. Producer

Question 1730:

• WAEC 2011

Taxes on imported foreign goods are also known as

A. Excise duties
B. Tariffs
C. Ad valorem taxes
D. Dock dues