WAEC Past Questions and Answers - Page 481

2,401.

A document that regulates the internal operations of a company is known as?

A.

memorandum of association

B.

articles of association

C.

prospectus

D.

certificate of incorporation

E.

certificate of trading

Correct answer is B

No explanation has been provided for this answer.

2,402.

The main purpose of establishing a public corporation is to?

A.

make profit

B.

provide employment

C.

provide essential services

D.

compete with entrepreneurs

E.

establish a monopoly

Correct answer is C

No explanation has been provided for this answer.

2,403.

Which of the following is not a fixed asset of a business?

A.

sundry debtors

B.

patent

C.

machinery and plant

D.

goodwill

E.

loose tools

Correct answer is A

No explanation has been provided for this answer.

2,404.

Money spent for the day-to-day running of a business is called?

A.

fixed capital

B.

working capital

C.

equity capital

D.

capital employed

E.

authorized capital

Correct answer is B

No explanation has been provided for this answer.

2,405.

Paul's final recorded sermon was delivered at

A.

Derbe

B.

Perga

C.

Iconium

D.

Lystra

E.

Antioch

Correct answer is E

No explanation has been provided for this answer.