Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 1081: Tourists with no fixed address in a town may receive their letters from post office through a Options:
  A) poste restante
  B) parcel post
  C) private mail bag
  D) recorded delivery
  Show Answer
  The correct answer is A .
• Question 1082: The assembling of products into usable forms is known as? Options:
  A) construction
  B) manufacturing
  C) formation
  D) creation
  Show Answer
  The correct answer is A .
• Question 1083:

  The central working system of a computer used for data processing is the

  Options:
  A) monitor
  B) floppy disk drive
  C) hard drive
  D) memory unit
  Show Answer
  The correct answer is D .
• Question 1084: Another name or term for a dishonoured cheque is ______ Options:
  A) an order cheque
  B) a bounced cheque
  C) a bearer cheque
  D) an open cheque
  Show Answer
  The correct answer is B .
• Question 1085: The term ‘5 Net 7’ on an invoice means that? Options:
  A) 5% discount will be allowed on the price charged if payment is made within seven days
  B) 5% discount will be allowed on the price charged if payment is made after seven days
  C) 5% surcharge will be made unless payment is made within seven days
  D) 5% dicount will be allowed on the charged if the goods are bought within seven days
  Show Answer
  The correct answer is A .
• Question 1086:

  A partnership may be automatically dissolved due to the following factors except________

  Options:
  A) Court verdict
  B) Joint decision
  C) Admission of new partners
  D) Bankruptcy of a partner
  Show Answer
  The correct answer is C .
• Question 1087: A type of retail trade where a group of similar stores which is owned by a firm operates in different locations is a? Options:
  A) conglomerate
  B) chain stores
  C) departmental store
  D) suppermarket
  Show Answer
  The correct answer is B .
• Question 1088: The process of converting a non-profit making organisation to a profit-making business is ________? Options:
  A) indigenisation
  B) privatisation
  C) deregulation
  D) commercialisation
  Show Answer
  The correct answer is B .
• Question 1089:

  

  The above chart represents the

  Options:
  A) promotion mix relationship
  B) marketing mix relationship
  C) advertising mix relationship relationship
  D) product mix relationship
  Show Answer
  The correct answer is B .
• Question 1090: The social responsibility factor of an organization is geared towards Options:
  A) contributing to the sustenance and development of its host community
  B) operating without disrupting the very esssence of the environment
  C) tackling the soci-economic problems of the state
  D) meeting the needs and demands of the shareholders
  Show Answer
  The correct answer is A .