WAEC Commerce Past Questions & Answers - Page 140

696.

Key industries and those requiring huge capital are usually established as

A.

public corporations

B.

public limited companies

C.

private limited companies

D.

holding companies

E.

partnerships

Correct answer is A

No explanation has been provided for this answer.

697.

The management and control of co-operative societies are in the hands of the

A.

contributors

B.

Board of Directors

C.

Committee

D.

Financial controller

E.

Registrar

Correct answer is A

No explanation has been provided for this answer.

698.

On which of the following grounds may a company be compulsorily wound up?

A.

the company is making abnormal profits

B.

it did not declare dividends every year

C.

its products compete with that of a government company

D.

it fails to commence business within a year of its incorporation

E.

it fails to make profit within a year of its incorporation

Correct answer is D

No explanation has been provided for this answer.

699.

Who among the following is not engaged in a commercial occupation

A.

a stock brocker

B.

an engineer

C.

a banker

D.

a common carrier

E.

an advertising agent

Correct answer is B

No explanation has been provided for this answer.

700.

The two main branches of trade are

A.

commerce and aids to trade

B.

home and foreign trade

C.

foreign and entreport trade

D.

whole sale and retail trade

E.

visible and invisible trade

Correct answer is B

No explanation has been provided for this answer.