1998 WAEC Commerce Past Questions & Answers - page 4

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31
An offer of new shares made to existing shareholders at a preferential price is called?

A
bonus issue
B
rights issue
C
private placing
D
debenture

Correct Option: B

No further explanations yet...

32
A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his

A
authorised capital
B
fixed capital
C
working capital
D
capital owned

Correct Option: C

No further explanations yet...

33
New shares are offered for sale to the public through

A
acceptable houses
B
the stock exchange
C
issuing houses
D
discount houses

Correct Option: C

No further explanations yet...

34
Cash-in-hand and at bank as well as debtors are examples of

A
current assets
B
fixed assets
C
capital owned
D
capital employed

Correct Option: A

No further explanations yet...

35
Money spent on acquiring vehicles, furniture and fittings by a manufacturing company is termed

A
Circulation capital
B
working capital
C
fictitious capital
D
fixed capital

Correct Option: D

No further explanations yet...

36
Small ships which are used to carry goods and passengers across rivers or canals called

A
tramps
B
coasters
C
tankers
D
liners

Correct Option: E

No further explanations yet...

37
Which of the following would best be conveyed by rail transport

A
Bread
B
Shoes
C
Potatoes
D
Tomatoes

Correct Option: B

No further explanations yet...

38
Gases are best transported

A
through canals
B
by sea
C
by air
D
through pipelines

Correct Option: D

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39
Speed is an important consideration for choice of a means of transport where goods are

A
bulky
B
inferior
C
fragile
D
perishable

Correct Option: D

No further explanations yet...

40
Which of the following facilities is very useful to an organization that posts a large number of mails regularly?

A
Franking machine
B
Business reply service
C
Mail transfer
D
Post restante

Correct Option: A

No further explanations yet...

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