WAEC Commerce Past Questions & Answers - Page 223

1,111.

hose who are engaged in exploiting natural resources are in?

A.

extractive occupation

B.

constructive occupation

C.

commercial occupation

D.

manufacturing occupation

Correct answer is A

No explanation has been provided for this answer.

1,112.

Which of the following best describes commerce?

A.

Buying and selling goods and services

B.

Buying, selling and distribution and services

C.

Preserving goods until they are needed

D.

Making goods and services known to people

Correct answer is B

No explanation has been provided for this answer.

1,113.

Opening the stock plug plus purchase of less closing the stock gives?

A.

the rate of turnover

B.

cost of goods sold

C.

working capital

D.

net profit

E.

gross profit

Correct answer is B

No explanation has been provided for this answer.

1,114.

The nominal value of share of a public limited limited company is 50k and the market value is 65k. The company's share is selling?

A.

above par value

B.

at par value

C.

below par value

D.

ex dividend

E.

cum dividend

Correct answer is A

No explanation has been provided for this answer.

1,115.

When an insurance policy is cleared void because of a false declaration the principle involved is?

A.

indemnity

B.

insurable interest

C.

proximate cause

D.

utmost good and favour ''?

Correct answer is D

No explanation has been provided for this answer.