Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

64

Which of the following documents is used to advertise shares to the public?

  • A. Letter of allotment
  • B. Articles of association
  • C. Memorandum of asscociation
  • D. Prospectus
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65

Which of the following documents is used to advertise shares to the public?

  • A. Letter of allotment
  • B. Articles of association
  • C. Memorandum of asscociation
  • D. Prospectus
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66

A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the called-up capital

  • A. #50,000.00
  • B. #100,000.00
  • C. #200,000.00
  • D. #400,000.00
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67

A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the called-up capital

  • A. #50,000.00
  • B. #100,000.00
  • C. #200,000.00
  • D. #400,000.00
View Answer & Discuss WAEC 1999
68

A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the paid up capital?

  • A. #50,000.00
  • B. #100,000.00
  • C. #150,000.00
  • D. #200,000.00
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69

A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the paid up capital?

  • A. #50,000.00
  • B. #100,000.00
  • C. #150,000.00
  • D. #200,000.00
View Answer & Discuss WAEC 1999
70

A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the company’s registered capital?

  • A. #50,000.00
  • B. #80,000.00
  • C. #200,000.00
  • D. #400,000.00
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71

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
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72

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
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73

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
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74

The document which regulates the operations of a partnership is known as

  • A. Deed
  • B. Articles of Association
  • C. Prospectus
  • D. Certificate of trading
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75

The document which regulates the operations of a partnership is known as

  • A. Deed
  • B. Articles of Association
  • C. Prospectus
  • D. Certificate of trading
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76

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
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77

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
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78

A public limited company wishing to obtain more capital may have to

  • A. apply for subvention
  • B. buy treasury bills
  • C. buy second-hand securities
  • D. issue debentures
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79

A business unit in which profits are shared on the basis of members’ patronage is known as

  • A. partnership
  • B. public limited company
  • C. Co-operative society
  • D. private limited company
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80

Which of the following enables people to consume a variety of goods and services?

  • A. Labour
  • B. Capital
  • C. Land
  • D. Exchange
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81

Which of the following enables people to consume a variety of goods and services?

  • A. Labour
  • B. Capital
  • C. Land
  • D. Exchange
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82

Which of the following refers to all the resources used in creating utilities?

  • A. Fixed capital
  • B. Factors of production
  • C. Enterpreneurship
  • D. Labour
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83

Which of the following brings about specialization?

  • A. Recruitment of staff
  • B. Division of labour
  • C. Business resource
  • D. Employer of labour
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84

Which of the following brings about specialization?

  • A. Recruitment of staff
  • B. Division of labour
  • C. Business resource
  • D. Employer of labour
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