Waec Commerce Past Questions For Year 1999
Question 6
The goods that are used for the production of other goods are known as
- A. commercial goods
- B. consumer goods
- C. capital goods
- D. non-durable
Question 7
Which of the following is formed in order to enforce the rights and powers of buyers in relation to sellers?
- A. Consortium
- B. Trade Association
- C. Consumer Association
- D. Holding company
Question 8
A company is said to be insolvent when
- A. it makes a loss in any one year
- B. its total liabilities exceed total assets
- C. the ordinary shareholders recieve no dividend from the company
- D. the preference shareholders could not be paid by the company
Question 9
The document which regulates the operations of a partnership is known as
- A. Deed
- B. Articles of Association
- C. Prospectus
- D. Certificate of trading
Question 10
The safe keeping of goods from the point of production to the time they are needed is`
- A. standardizing
- B. warehousing
- C. hoarding
- D. stock controlling
