WAEC Commerce Past Questions & Answers - Page 221

1,101.

A business firm which controls more than half of another firm's equity is a?

A.

holding company

B.

consortium

C.

cartel

D.

syndicate

Correct answer is A

No explanation has been provided for this answer.

1,102.

Which of the following requires a certificate of trading to start business?

A.

Partnership

B.

Private Limited Company

C.

Cooperative society

D.

Public Limited Company

Correct answer is D

No explanation has been provided for this answer.

1,103.

Which of the following is used to advertise of a company?

A.

Memorandum of association

B.

Articles of association

C.

Certificate of incorporation

D.

Prospectus

Correct answer is D

No explanation has been provided for this answer.

1,104.

Which of the following is most appropriate for a "Cash with order" terms of sale?

A.

Proforma invoice

B.

Credit note

C.

Debit note

D.

Consignment note

Correct answer is B

No explanation has been provided for this answer.

1,105.

Which of the following is a feature of sole proprietorship?

A.

Issue of shares

B.

Limited liability

C.

Limited capital

D.

Legal entity

Correct answer is C

No explanation has been provided for this answer.