WAEC Commerce Past Questions & Answers - Page 67

331.

The document which gives legal authority to a company to operate as a legal entity is

A.

Memorandum of Association

B.

Article of Association

C.

Share Certificate

D.

Certificate of Incorporation

Correct answer is D

No explanation has been provided for this answer.

332.

Information requested from a bank concerning the credit worthiness of a new customer to a business is

A.

private enquiry

B.

status enquiry

C.

general enquiry

D.

letter of enquiry

Correct answer is C

No explanation has been provided for this answer.

333.

Which of the following is mostly used by a mail order business to sell goods

A.

Posters

B.

Catalogues

C.

Journals

D.

Magazines

Correct answer is B

No explanation has been provided for this answer.

334.

A refund of the duty collected on goods imported into a country which are later re-exported is called

A.

excise duty

B.

ad valorem tax

C.

customs drawback

D.

demurrage

Correct answer is C

No explanation has been provided for this answer.

335.

Okoni and Co. law chamber is an example of a

A.

sole proprietorship

B.

partnership

C.

co-operative society

D.

public limited company

Correct answer is B

No explanation has been provided for this answer.