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 1151: Inbound tourism occurs when Options:
  A) non-resident s of a country travel within it.
  B) non- resident of a country travel to other countries
  C) resident of a country travel within it
  D) Residents of a country travel to other countries.
  Show Answer
  The correct answer is C .
• Question 1152: The best mode of ensuring that items posted got to the named address through? Options:
  A) recorded delivery
  B) registered mail
  C) certificate of posting
  D) express mail
  Show Answer
  The correct answer is B .
• Question 1153: One important requirement for the membership of the ECOWAS is? Options:
  A) intergrity
  B) independence
  C) landmass
  D) population
  Show Answer
  The correct answer is B .
• Question 1154: The sum of money paid by a policy-holder to an insurer is referred to as? Options:
  A) interest
  B) premium
  C) gross profit
  D) sales revenue
  Show Answer
  The correct answer is B .
• Question 1155: The principle of subrogation states that Options:
  A) an insured person should be indemnifed to the tune of the amount insured
  B) an insurance company can stand in place of the insured in dealing with third party
  C) oly a person who is likely to sufferrd loss should take take out an insurance cover
  D) ther must be a close connection between the actual loss suffered and risk insured
  Show Answer
  The correct answer is B .
• Question 1156:

  The function of management that establish objectives for the organization and trying to determine the best ways to accomplish them

  Options:
  A) organizing
  B) planning
  C) directing
  D) controlling
  Show Answer
  The correct answer is B .
• Question 1157: The best pricing strategy for a company that produces warm clothing is? Options:
  A) target return pricing
  B) bid pricing
  C) variable pricing
  D) product line pricing
  Show Answer
  The correct answer is D .
• Question 1158: 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
  Show Answer
  The correct answer is D .
• Question 1159: A predominant make-up language for web pages is the? Options:
  A) IP
  B) HTTP
  C) HTML
  D) TCP
  Show Answer
  The correct answer is B .
• Question 1160: Which of the following is a function of consumerism? Options:
  A) Protecting consumers' rights
  B) providing consumers' choice
  C) providing consumers' needs
  D) Making profiteering impossible
  Show Answer
  The correct answer is A .