WAEC Commerce Past Questions & Answers - Page 135

671.

New shares are offered for sale to the public through

A.

acceptable houses

B.

the stock exchange

C.

issuing houses

D.

discount houses

E.

mortgage banks

Correct answer is C

No explanation has been provided for this answer.

672.

A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his

A.

authorised capital

B.

fixed capital

C.

working capital

D.

capital owned

E.

called-up capital

Correct answer is C

No explanation has been provided for this answer.

673.

An offer of new shares made to existing shareholders at a preferential price is called?

A.

bonus issue

B.

rights issue

C.

private placing

D.

debenture

E.

preference share

Correct answer is B

No explanation has been provided for this answer.

674.

The insurance policy against claims from customers who might be injured within the business premises is called

A.

life assurance policy

B.

endowment policy

C.

fidelity guarantee insurance

D.

employers liability insurance

E.

engineering insurance

Correct answer is D

No explanation has been provided for this answer.

675.

An action taken by a seller to avoid risks from unforeseeable price fluctuation is known as

A.

tendering

B.

aunctioneering

C.

quotation

D.

hedging

E.

haggling

Correct answer is D

No explanation has been provided for this answer.