WAEC QUESTIONS CONTD
Hey Readers, Happy New Week. Well its Holiday
Season so it's time to slow down on the tutorials and intensify the questions
revision from JAMB, GCE, WAEC etc in order to remember what we have done
previously and to test ourselves. We started Last week and we are continuing
today, So let's get started.......
25.
Information requested from a Bank Concerning the Credit worthiness of a New
Customer to a Business is
a. Private Enquiry
b. Status Enquiry
c. General
Enquiry
d. Letter of Enquiry.
26. The
Document which gives Legal Authority to a Company to operate as a Legal Entity
is
a. Memorandum of Association
b. Article of Association
c. Share Certificate
27. A
Business that is independent of its owners is a
a. Sole Proprietorship
b. Partnership
c. Limited Liability Company
d. Co-operative Society.
28. The
Amount paid regularly by the assured to the insurer is
a. Dividend
b. Premium
c. Interest
d. Indemnity.
29. Net
Profit is calculated as
a. Sales - Purchases
b. Sales - Expenses
c. Gross Profit - Expenses
d. Gross Profit - Purchases.
30. Which of
the Following carries Specialized Goods?
a. Liner
b. Tramp
c. Ferry
d. Tanker.
31. In Sea
Transport, Vessels that operate on Fixed Routes and Schedules are called
a. Ferries
b. Yachts
c. Liners
d. Tramps.
32. Which of
the following Advertising Media combines the Advantages of both Sight and
Sound?
a. Television
b. Radio
c. Neon Sign
d. Billboard.
33. One
disadvantage of Advertising to the Consumer is that it
a. Brings Confusion on the Choice of Goods
b. Increases Demand
c. Persuades the Public to buy what they need
d. Decreases the Cost of Goods.
34. Which of
the following is not a Sales Promotion Method?
a. Demonstration
b. Exhibition
c. Free Sample
d. Newspaper.
35. Working
Capital is
a. Current Assets - Total Liabilities
b. Total Assets - Total Liabilities
c. Current Liabilities + Current Assets
d. Current Assets - Current Liabilities.
36. A Cheque
dated 30th July, 2004 but presented for Payment on 28th February, 2005 is
a. Post-Dated
b. Crossed
c. Opened
d. Stale.
NOTE: ALL THE QUESTIONS IN THIS POST ARE CREDITED TO WEST AFRICA EXAM
COUNCIL 2008 PAPERS. THANKS
This brings us to the end of today's session.
Hope this was very helpful to you, leave a comment of what you think of this
tutorial and Pls try to attempt the Questions on your own. Have a Blessed Day
and Remember You are Amazing. God Bless.







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