WAEC Commerce Past Questions & Answers - Page 282

1,406.

Equity interest in a company is represented by?

A.

preference shares

B.

retained earnings

C.

debentures

D.

bonds

E.

ordinary shares

Correct answer is E

No explanation has been provided for this answer.

1,407.

The consumer is always right. This describes the doctrine of?

A.

social responsibility

B.

consumer movement

C.

consumer sovereignty

D.

consumer protection

E.

caveat venditor

Correct answer is C

No explanation has been provided for this answer.

1,408.

The main aim of the ECOWAS is the?

A.

elimination of aparthied

B.

formation of West African High Command

C.

formation of Government of West African States

D.

Promotion of economic and cultural interaction

E.

promotion of ethnic and rural integration among members states

Correct answer is D

No explanation has been provided for this answer.

1,409.

In nationalized industries, losses are borne by the?

A.

tax payers

B.

shareholders

C.

debenture holders

D.

Minister of industries

E.

Borad of Directors

Correct answer is A

No explanation has been provided for this answer.

1,410.

A cover note is a?

A.

Document of title to goods

B.

letter from the tax authority

C.

label attached to goods foe indentification

D.

temporary insurance certificate

E.

letter issued by banks to customers

Correct answer is D

No explanation has been provided for this answer.