WAEC Commerce Past Questions & Answers - Page 281

1,401.

The nominal capital of a company is the same as?

A.

authorized capital

B.

issued capital

C.

capital owned

D.

capital employed

E.

called-up capital

Correct answer is A

No explanation has been provided for this answer.

1,402.

Buildings, machines and more vehicles used for purpose of production are examples of?

A.

current assets

B.

current liabilities

C.

working capital

D.

fixed assets

E.

liquid assets

Correct answer is D

No explanation has been provided for this answer.

1,403.

Which of the following policies could be taken for a guaranteed life income?

A.

Endowment assurance

B.

Household policy

C.

Annuity

D.

personal accident insurance

E.

Consequential loss insurance

Correct answer is C

No explanation has been provided for this answer.

1,404.

A bill of exchange to which document of title are attached is known as?

A.

documentary credit

B.

certified bill

C.

documentary bill

D.

irrevocable bill

E.

bill of lading

Correct answer is C

No explanation has been provided for this answer.

1,405.

An organization chart shows the?

A.

relative position of employeesin a firm

B.

customers position in a firm

C.

order in which tasks should be tackled

D.

specification of various jobs in a firm

E.

the profit position of the firm

Correct answer is A

No explanation has been provided for this answer.