WAEC Commerce Past Questions & Answers - Page 303

1,511.

A speculator in the stock exchange market who sells securities in expectation of a fall in their prices is called?

A.

broker

B.

a bull

C.

a bear

D.

an investor

E.

a stag

Correct answer is C

No explanation has been provided for this answer.

1,512.

which of the following is not the function of a small? retailer

A.

supplying goods to the final consumer

B.

breaking goods into small units

C.

granting credits to known customers

D.

furnishing information to the wholesaler

E.

selling in large quantities

Correct answer is E

No explanation has been provided for this answer.

1,513.

A company has recently advertised an issue of one million ordinary shares of 50kobo and 65kobo per share.wen the issue is fully paid the company will collect?

A.

N65,000.00

B.

N500,000.00

C.

N650,000.00

D.

N1,000,000.00

E.

N65,000,000.00

Correct answer is C

No explanation has been provided for this answer.

1,514.

which of the following is a feature of co-operative society?

A.

dividend is based on the number of shares sold

B.

limited membership

C.

owned and run by the state

D.

democratic controll and management

E.

voting rights are not equal

Correct answer is D

No explanation has been provided for this answer.

1,515.

which of the following is not a means of raising capital by a promoter?

A.

goodwill

B.

borrowing

C.

selling of shares

D.

selling real assets

E.

past savings

Correct answer is A

No explanation has been provided for this answer.