WAEC Commerce Past Questions & Answers - Page 124

616.

A speculator who applies for new stocks and shares with the intention of selling them them at higher price is a

A.

bull

B.

stag

C.

bear

D.

jobber

E.

broker

Correct answer is B

No explanation has been provided for this answer.

617.

Which of the following is a disadvantage of road transport?

A.

Takes an available route

B.

Fast overshort distances

C.

Increased handling of goods

D.

Offers door-to-door services

E.

Relatively cheap

Correct answer is A

No explanation has been provided for this answer.

618.

Which of the following has no legal capacity to a contract

A.

Public Limited Company

B.

Public Corporation

C.

Co-operative Society

D.

A Minor

E.

A Limited Partnership

Correct answer is D

No explanation has been provided for this answer.

619.

The production process is completed when what is produced

A.

is in the manufacturer's warehouse

B.

has reached the manufacturer's agent

C.

is in the wholesaler's warehouse

D.

has reached the retailers

E.

has reached the final users

Correct answer is E

No explanation has been provided for this answer.

620.

The total asset of business minus its total liability is the

A.

net profit

B.

capital owned

C.

working capital

D.

capital employed

E.

gross profit

Correct answer is B

No explanation has been provided for this answer.