WAEC Commerce Past Questions & Answers - Page 119

591.

Which of the following is formed in order to enforce the rights and powers of buyers in relation to sellers?

A.

Consortium

B.

Trade Association

C.

Consumer Association

D.

Holding company

Correct answer is C

No explanation has been provided for this answer.

592.

A company is said to be insolvent when

A.

it makes a loss in any one year

B.

its total liabilities exceed total assets

C.

the ordinary shareholders recieve no dividend from the company

D.

the preference shareholders could not be paid by the company

Correct answer is B

No explanation has been provided for this answer.

593.

The document which regulates the operations of a partnership is known as

A.

Deed

B.

Articles of Association

C.

Prospectus

D.

Certificate of trading

Correct answer is A

No explanation has been provided for this answer.

594.

The safe keeping of goods from the point of production to the time they are needed is

A.

standardizing

B.

warehousing

C.

hoarding

D.

stock controlling

Correct answer is B

No explanation has been provided for this answer.

595.

A public limited company wishing to obtain more capital may have to

A.

apply for subvention

B.

buy treasury bills

C.

buy second-hand securities

D.

issue debentures

Correct answer is D

No explanation has been provided for this answer.