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 1141: Which of the following is the best method for computing working capital Options:
  A) Total assets less current liabilities
  B) Current liabilities less current assets
  C) Fixed liabilities less current assets
  D) Current assets less current liabilities
  Show Answer
  The correct answer is A .
• Question 1142: Factors of production can be described as the? Options:
  A) resources required for the provision of goods and services
  B) skills involves in deciding and directing the flow of goods
  C) monetary tools employed by government to ensure stable production
  D) elements involved in the process of formulating policies on production
  Show Answer
  The correct answer is A .
• Question 1143: One of the major determinants of the volume of production is Options:
  A) the market size
  B) the availability of banks
  C) sex distribution
  D) government policy
  Show Answer
  The correct answer is A .
• Question 1144: A firm that disposes its wastes properly is discharging its? Options:
  A) community responsibility
  B) evironmental responsibility
  C) civic responsibility
  D) social responsibility
  Show Answer
  The correct answer is B .
• Question 1145: The development of tourism in Nigeria will enhance? Options:
  A) agriculture
  B) revenue generation
  C) export
  D) labour mobility
  Show Answer
  The correct answer is B .
• Question 1146: Public relations and advertising are similar in terms of? Options:
  A) communicating product information
  B) customer education
  C) the mode of operation
  D) creating a favorable attitude
  Show Answer
  The correct answer is A .
• Question 1147:

  A customer with XYZ Plc sent money through his account to his sister's account in another branch.

  This is an example of?

  Options:
  A) e-business
  B) e-commerce
  C) e-finance
  D) e-banking
  Show Answer
  The correct answer is D .
• Question 1148: The cost of transporting goods to consumers called Options:
  A) carried inward
  B) carried forward
  C) carried paid
  D) carried outward
  Show Answer
  The correct answer is D .
• Question 1149: In a staff-authority relationship, the opinion of a specialist in one department to another is Options:
  A) a directive
  B) an advice
  C) a command
  D) a delegation
  Show Answer
  The correct answer is B .
• Question 1150: Ocean liners are subdivided into Options:
  A) passenger liner and cargo liners
  B) coastel liners and cargo liners
  C) cargo liners and tramp liners
  D) passenger liners and tramp liners
  Show Answer
  The correct answer is A .