1997 WAEC SSCE Commerce Past Questions

1997

Which of the following conditions may lead to the dissolution of a partnership?

1997

A business unit whose membership range from 2 to 20 is a

1997

The products that are regularly and easily bought by customers through habit are called?

1997

From the following figures in the accounting books of XY company, calculate its working capital : stock #2,000; cash #1,500; Creditors #1,000; Bank overdraft #1,400

1997

Who among the following has no right of ownership to a business organization?

1997

The imposition of high tariff on imported goods by the customs authority is to

1997

Assets of a business which cannot easily be changed into cash are known as

1997

When an assured is unable to honor his obligation in an insurance contract thereby terminating it before maturity he could only receive

1997

When a company raises additional capital by selling shares directly to the public through insurance companies or investment houses, this is known as

1997

Ali Plc with issued capital of #500,000 in #1.00 shares has for now requested shareholders to pay only 50k for each #1.00 share. The amount requested from the shareholders by the company is called?

1997

The total assets of Ogo Plc is #16,000 and the liabilities included loan #2,000, creditors #1,000 and electricity bill #2,000. Calculate the capital owned by the company?

1997

An agent who takes possession of goods and sells in his own name but does not guarantee payment is known as

1997

If goods invoiced at #1,500 were sold to Etim at less 15% trade discount, he would pay

1997

When firms that operate at different stages in the production of a commodity merge, this is known as

1997

To which of the following occupations does a broker belong?

1997

Which of the following is used in home trade?

1997

One of the features of reinsurance is the

1997

Which of the following is not one of the aims of indigenization? To

1997

An agent with authority to bind his principal in everything, provided he acts lawfully is called

1997

The art of combining human, material and other resources to achieve the stated goals of a business is known as

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