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: Under normal circumstances, a business enterprise can be ideally structured Options:
  A) by product, function or territories
  B) around the personalities in the enterprise
  C) on the ruling of the management
  D) on the basis of an order from stockholders
  Show Answer
  The correct answer is A .
• Question 1082: The function which ensures that set objectives are attained by an organization is? Options:
  A) planning
  B) directing
  C) staffing
  D) controlling
  Show Answer
  The correct answer is D .
• Question 1083: The rewards of rents, wages, interests and profits accrue from? Options:
  A) capital, labour, land and enterpreneur respectively
  B) land, enterpreneur,labour and capital respectively
  C) land, lbour, capital and enterpreneur respectively
  D) labour, enterpreneur, land and capital respectively
  Show Answer
  The correct answer is C .
• Question 1084: The fixed and current assets of a business are called? Options:
  A) called up capital
  B) capital employed
  C) paid-up capital
  D) authorized capital
  Show Answer
  The correct answer is B .
• Question 1085: The Nigerian Telecommunications Limited is a? Options:
  A) jointly owned company
  B) public corpoation
  C) privately owned company
  D) public company
  Show Answer
  The correct answer is B .
• Question 1086: The organizational structure that relates the positions of specialist to the line mangers is called? Options:
  A) line structure
  B) staff structure
  C) line and staff structure
  D) functional structure
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  The correct answer is B .
• Question 1087: A business firm that is involved in conveying goods or people is known as a? Options:
  A) consignor
  B) commercial firm
  C) carrier
  D) transporter
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  The correct answer is C .
• Question 1088:

  A group of sellers who pool their resources to buy goods in large quantities and sell to its members is a

  Options:
  A) wholesaler cooperative society
  B) thrift and credit society
  C) consumer cooperative society
  D) chamber of commerce
  Show Answer
  The correct answer is A .
• Question 1089: The slogan, a wonderful world, used by a communication network is a form of? Options:
  A) product differentiation
  B) persuasive advertising
  C) publicity
  D) packaging
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  The correct answer is B .
• Question 1090:

  

  Use the diagram above to answer the question below.

  As the branches indicate, IV is

  Options:
  A) commerce
  B) exchange
  C) finance
  D) construction
  Show Answer
  The correct answer is D .