WAEC Commerce Past Questions & Answers - Page 109

541.

Which of the following is a duty of the Employers Association?

A.

procuring raw materials at regular intervals

B.

establishing a uniform wage scale

C.

negotiating with the government on sites for firms

D.

discharging workers when production is low

Correct answer is B

No explanation has been provided for this answer.

542.

Dividend is always expressed as a percentage of total

A.

earnings of a business

B.

value of shares owned

C.

working capital

D.

volume of business

Correct answer is B

No explanation has been provided for this answer.

543.

The working capital of a firm is calculated as

A.

current assets minus current liabilities

B.

current liabilities minus fixed assets

C.

value of all assets

D.

value of issued capital

Correct answer is A

No explanation has been provided for this answer.

544.

An increase in the volume of sales is also an increase in

A.

profit

B.

turnover

C.

fixed assets

D.

owner's equity

Correct answer is B

No explanation has been provided for this answer.

545.

A private company's ability to raise capital is limited because

A.

its borrowing powers are limited

B.

membership does not exceed 50

C.

shares cannot be made public

D.

of limited collateral security

Correct answer is D

No explanation has been provided for this answer.