WAEC Commerce Past Questions & Answers - Page 58

286.

Stocks, shares and debentures traded in the stock exchange are called

A.

bears

B.

bulls

C.

securities

D.

collaterals

Correct answer is C

No explanation has been provided for this answer.

287.

For overstaying in a port, a ship is charged a fine called

A.

dock due

B.

commission

C.

interest

D.

demurrage

Correct answer is D

Demurrage refers to the penalty fee paid by cargo ship operators for over staying in a dock.

288.

A ship that travels without schedule is called a

A.

passenger liner

B.

tramp

C.

cargo liner

D.

tanker

Correct answer is B

Tramps are ships that do not follow a fixed schedule or route for their operations

289.

Which of the following is a source of capital to a sole proprietorship?

A.

Loans from friends

B.

Admission of new member

C.

Issue of shares

D.

Issue of debentures

Correct answer is A

One of the sources of funds for sole traders is the loans they get from family and friends. While it takes little or no legal documentation to establish a sole proprietorship, getting funds to finance the business has always posed a constraint to its growth. Hence the business owner is left with sourcing funds from either friends and families, grants, or plough-back profits. 

290.

The mode of conveying liquids and gases through an underground channel is

A.

pipeline

B.

rail transport

C.

road transport

D.

sea transport

Correct answer is A

Pipeline transportation is the means of transportation in which gas or liquid substance are moved from one place to another.