Waec Commerce Past Questions and Answers

Question 426:

• WAEC 1993

Incorporation simply means the?

A. Floating of a company
B. Reorganization of a company
C. Birth of a company
D. Registration of the Memorandum of Association
E. Appointment of a new Board of Directors

Question 427:

• WAEC 1993

A business unit whose membership ranges from 2-50 is a?

A. Public corporation
B. Partnership
C. Public company
D. Private company
E. Co-operative society

Question 428:

• WAEC 1993

Founders shares are usually referred to as deferred shares because the holders?

A. Are not entitled to any dividend
B. Receives their dividends before other share holders
C. Are the managers of the company
D. Receive dividends after other shareholders
E. Are entitled to accumulative dividends

Question 429:

• WAEC 1993

The reward of shareholding in a company is?

A. Profit
B. Dividend
C. Interest
D. Bonus
E. Premium

Question 430:

• WAEC 1993

Which of the following is not a source of capital to a sole proprietor?

A. Loan from firends
B. Personal savings
C. Ploughing back profit
D. Borrow from relations
E. Borrowing through debentures