WAEC Commerce 2018 Objective — Question 14
Question 14 of 50 from the West African Examinations Council (WAEC) Commerce 2018 Objective paper, with the correct answer and a full explanation.
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Which of the following statements is true of a debenture? Its holders
- A. receive interestCorrect
- B. form part of a company's authorized capital
- C. are co-owners of the company
- D. control the company
Explanation
Debenture holders are creditors (lenders) of the company, and they receive interest on their loan, not dividends or ownership.
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