WAEC Commerce 2014 Theory — Question 45
Question 45 of 50 from the West African Examinations Council (WAEC) Commerce 2014 Theory paper, with the correct answer and a full explanation.
Advertisement
A business obtains part of its short-term capital from
- A. bonds
- B. debentures
- C. trade creditCorrect
- D. ordinary shares
Explanation
Trade credits (like credit purchases, accrued expenses) are short-term, since they are payable within a year.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.