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 1121: A document sent by a seller to inform a buyer about the prices of goods is the? Options:
  A) catalogue
  B) price list
  C) credit note
  D) proforma invoice
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  The correct answer is B .
• Question 1122: A business organization that exploits the capabilities of a member to remedy the weaknesses of another is Options:
  A) joint venture
  B) partnership
  C) nominal partnership
  D) cooperative
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  The correct answer is D .
• Question 1123: When an organization studies a market that is undeserved by others and creates a product or service for the segment, it is engaged in? Options:
  A) market inegration
  B) market positioning
  C) market orchestration
  D) product differentiation
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  The correct answer is D .
• Question 1124:

  One of the factors which critically determines the choice of occupation is?

  Options:
  A) training
  B) skill
  C) aptitude
  D) interest
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  The correct answer is B .
• Question 1125: An engineer in government employ is to be rendering? Options:
  A) primary service
  B) tertiary service
  C) indirect service
  D) direct service
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  The correct answer is C .
• Question 1126: The use of computer in modern banking industry is a reflection of Options:
  A) competitive development
  B) scientific development
  C) economic development
  D) technological development
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  The correct answer is D .
• Question 1127: The function which ensures that set objectives are attained by an organization is? Options:
  A) planning
  B) directing
  C) staffing
  D) controlling
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  The correct answer is D .
• Question 1128:

  The major objective of corporate mergers is to?

  Options:
  A) minimize the effect of taxation
  B) increase financial advantage
  C) enhance economies of sale
  D) facilitate profit maximization
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  The correct answer is C .
• Question 1129:

  

  The chart above represent the?

  Options:
  A) product mix relationship
  B) marketing mix relationship
  C) promotion mix elationship
  D) advertising mix relationship
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  The correct answer is B .
• Question 1130: Ships that sail across the ocean and operate on scheduled time tables are? Options:
  A) ferries
  B) ocean liners
  C) tramp steamers
  D) coastal liners
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  The correct answer is B .