WAEC Commerce Past Questions & Answers - Page 224

1,116.

All activities involved in the distribution and exchange of goods and services are referred to as?

A.

Trade

B.

Market survey

C.

Advertising

D.

Commerce

E.

Sales promotion

Correct answer is D

No explanation has been provided for this answer.

1,117.

The total indebtedness of a business is the same as its

A.

liabilities

B.

liquid capital

C.

solvency

D.

capital employed

E.

working capital

Correct answer is A

No explanation has been provided for this answer.

1,118.

A public limited company has the rights and duties of an individual because it?

A.

has a board of directors

B.

has a trading certificate

C.

has corporate status'

D.

has a memorandum of association

E.

is so stated in articles of association

Correct answer is C

No explanation has been provided for this answer.

1,119.

Which of the following is true about cumulative preference shares?

A.

Any unpaid dividend is carried forward

B.

The shareholders can obtain a capital refund

C.

They are entitled to further share in profit

D.

Any unpaid dividend is forfeited

E.

The dividend declared is accumulated in a reserve account

Correct answer is A

No explanation has been provided for this answer.

1,120.

Called-up capital is the amount?

A.

paid on allotment

B.

paid ontirstcall

C.

paid on appilication

D.

demanded on shares issued

E.

paid-up on all shares

Correct answer is A

No explanation has been provided for this answer.