WAEC Commerce Past Questions & Answers - Page 225

1,121.

Which of the following enables production to take place ahead of demand?

A.

Transporting

B.

Advertising

C.

Importing

D.

warehousing

E.

Exporting

Correct answer is D

No explanation has been provided for this answer.

1,122.

Which of the following must be include in the Articles of Association?

A.

Voting rights of the shareholders

B.

The objects of the business

C.

The address of the registered office

D.

Statement that liability is limited

E.

List of types of shares

Correct answer is A

No explanation has been provided for this answer.

1,123.

When a company sells shares to existing shareholders at preferential rate, that is called?

A.

Rights issue

B.

Bonus issue

C.

Private placing

D.

Sale by auction

E.

lssue by prospectus

Correct answer is A

No explanation has been provided for this answer.

1,124.

Those involved in obtaining the gifts of nature from land and sea are engaged in?

A.

Extractive occupation

B.

Manufacturing occupation

C.

Constructive occupation

D.

Commercial occupation

E.

Direct services

Correct answer is A

No explanation has been provided for this answer.

1,125.

Which of the following is not a negotiable instrument?

A.

Share cerficate

B.

Cheque

C.

Bill of Exchange

D.

Dividend warrant

E.

Debenture

Correct answer is E

No explanation has been provided for this answer.