WAEC Past Questions and Answers - Page 425

2,121.

An agreement between two parties which can be enforced is called?

A.

an agency

B.

a contract

C.

a consideration

D.

an offer

E.

a warranty

Correct answer is B

No explanation has been provided for this answer.

2,122.

A business that has no upper limit to the number of owners is?

A.

partnership

B.

private company

C.

public corporation

D.

finance company

E.

public limited company

Correct answer is E

No explanation has been provided for this answer.

2,123.

Capital owned is the same as?

A.

authorised capital

B.

issued capital

C.

net worth of a business

D.

fixed assets of a business

E.

public limited company

Correct answer is C

No explanation has been provided for this answer.

2,124.

During the reign of Ahab, the supremacy of God was championed by

A.

Elisha

B.

Hazael

C.

Obadiah

D.

Elijah

E.

Jehu

Correct answer is D

No explanation has been provided for this answer.

2,125.

A group of persons that agrees to pool its resources to achieve a particular objective is known as?

A.

consortium

B.

holding company

C.

cartel

D.

trust

E.

subsidiary company

Correct answer is A

No explanation has been provided for this answer.