by Sunday | Mar 15 | Commerce WAEC
A. machinery B. motor vehicle C. stock D. fittings Correct Answer: Option C C. stock Explanation A current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year...
by Sunday | Mar 15 | Commerce WAEC
A. nominal capital B. working capital C. paid-up capital D. authorized capital Correct Answer: Option B B. working capital Explanation Working capital is the capital of a business which is used in its day-to-day trading operations, calculated as the current assets...
by Sunday | Mar 15 | Commerce WAEC
A. exported goods produced with local content B. re-exported goods previously imported C. imported goods for sale locally D. locally manufactured goods for sale locally Correct Answer: Option B B. re-exported goods previously imported Explanation Duty drawback: A...
by Sunday | Mar 15 | Commerce WAEC
A. private limited company B. limited partnership C. public limited company D. public enterprises Correct Answer: Option D D. public enterprises Explanation Public enterprise: is a business organization wholly or partly owned by the state and controlled through a...
by Sunday | Mar 15 | Commerce WAEC
A. both the insured and insurer must disclose all information B. only the insurer must disclose all information C. the beneficiary must disclose all information D. only the insured must disclose all information Correct Answer: Option A A. both the insured and insurer...
by Sunday | Mar 15 | Commerce WAEC
A. providing after-sales services B. providing information on market trends C. sales of variety of goods D. sales of goods in smaller quantities Correct Answer: Option B B. providing information on market trends Explanation The retailers are the direct point of...