by Sunday | Mar 15 | Commerce WAEC
A. redenomination B. devaluation C. inflation D. deflation Correct Answer: Option B B. devaluation Explanation A devaluation is an official lowering of the value of a country’s currency within a fixed exchange rate system, by which the monetary authority...
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...