Waec Commerce Past Questions and Answers

Question 1926:

• WAEC 2014

An amount paid by a bull who wishes to defer the purchase of shares to the next accounting period is

A. Brokerage
B. Backwardation
C. Contango
D. Commission

Question 1927:

• WAEC 2014

Foreign trade is concerned with

A. Exchange of goods and services among companies
B. Buying and selling of imported goods
C. Exchange of goods and services among citizens
D. Buying and selling of goods and services among countries

Question 1928:

• WAEC 2014

The distribution of goods creates

A. Time utility
B. Place utility
C. Form utility
D. Possession utility

Question 1929:

• WAEC 2014

The documents issued by the Registrar of companies which allows a public company to commence business is called

A. Trading certificate
B. Prospectus
C. Certificate of incorporation
D. Memorandum of association

Question 1930:

• WAEC 2014

A cheque bearing a date showing that it was issued more than six months ago is termed a

A. Blank cheque
B. Bearer cheque
C. Stale cheque
D. Order cheque