WAEC Commerce Past Questions & Answers - Page 245

1,221.

Capital owned is the same as?

A.

authorised capital

B.

issued capital

C.

net worth of a business

D.

fixed assets of a business

E.

public limited company

Correct answer is C

No explanation has been provided for this answer.

1,222.

A group of persons that agrees to pool its resources to achieve a particular objective is known as?

A.

consortium

B.

holding company

C.

cartel

D.

trust

E.

subsidiary company

Correct answer is A

No explanation has been provided for this answer.

1,223.

The organization that aims at protecting the business interest of a particular area is the?

A.

Trade Asociation

B.

Manufacturing Association of Nigeria

C.

Chamber of Commerce

D.

Confederation of industrialists

E.

Trade Union

Correct answer is A

No explanation has been provided for this answer.

1,224.

Air transport is considerable importance today because it?

A.

is faster than other means of transport

B.

can deliver goods to owner's destination

C.

is relatively cheaper

D.

can carry bulky goods

E.

travels on schedule

Correct answer is A

No explanation has been provided for this answer.

1,225.

A company that acquires a majority of the shares of the other companies with voting rights is regarded as?

A.

a consortium

B.

a holding company

C.

an amalgamator

D.

a subsidiary comapany

E.

cartel

Correct answer is B

No explanation has been provided for this answer.