WAEC Commerce Past Questions & Answers - Page 228

1,136.

An alternative term for ordinary shares is?

A.

unit trust

B.

gilt-edged securities

C.

equities

D.

bonus issues

E.

right issues

Correct answer is C

No explanation has been provided for this answer.

1,137.

Commerce is not concerned with?

A.

changing the place ofa product

B.

changing the form ofa product

C.

changing ownership of a product

D.

distribution of a product

E.

warehousing of a product

Correct answer is B

No explanation has been provided for this answer.

1,138.

The giving of clear instructions and information to all concerned in an organisation to ensure proper understanding of decisions and policies?

A.

organising

B.

planning

C.

communicating

D.

directing

E.

coordinating

Correct answer is C

No explanation has been provided for this answer.

1,139.

The rebate given to the retailer by the wholesalerto enable him make profit is known as

A.

trade discount

B.

cash discount

C.

credit guarantee

D.

commission

E.

mark-up

Correct answer is A

No explanation has been provided for this answer.

1,140.

Which of the following belongs to the capital market?

A.

Commercial bank

B.

Stock exchange

C.

Ministry of Finance

D.

Chamber of Commerce

E.

Discount House

Correct answer is B

No explanation has been provided for this answer.