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 1181: The use of coin-operated machines to sell goods is a form of Options:
  A) personal selling
  B) retailing
  C) wholesaling
  D) mail-order selling
  Show Answer
  The correct answer is B .
• Question 1182:

  A contract will not be discharge through

  Options:
  A) acceptance
  B) agreement
  C) breach
  D) performance
  Show Answer
  The correct answer is A .
• Question 1183: The development of commercial activate in Nigeria was harnessed by Options:
  A) A good storage system
  B) Availability of market
  C) Increase in production
  D) Activities
  Show Answer
  The correct answer is A .
• Question 1184:

  Given:

  Sales...........................N15 000

  Opening stock...................N5 600

  Purchases.......................N9 700

  Closing stock...................N4 400

  Gross profit....................N4 500

  Net profit......................N2 200

  From the data above, calculate the rate of turnover?

  Options:
  A) 3:50 times
  B) 3:00 times
  C) 2:00 times
  D) 2:18 times
  Show Answer
  The correct answer is D .
• Question 1185: Which of the following information is contained in the Articles of Association of a limited liability company? Options:
  A) Rights and obligations of directors
  B) Objectives of the company
  C) Amount of share capital
  D) Limitation of liability of shareholders.
  Show Answer
  The correct answer is A .
• Question 1186: The mode of transporting crude oil to the ports for export purposes is by Options:
  A) tanker
  B) rail
  C) road
  D) pipeline
  Show Answer
  The correct answer is D .
• Question 1187:

  Warehousing is a productive function because it increases the?

  Options:
  A) quantity of goods
  B) utility of goods
  C) quality of goods
  D) price of goods
  Show Answer
  The correct answer is B .
• Question 1188: The three major function unit which the modern computer has are Options:
  A) the input the processor and the output units
  B) the black box, output and input units
  C) BASIC, COBOL and output uits
  D) BASIC, the processor and PASCAL
  Show Answer
  The correct answer is A .
• Question 1189:

  The type of communication from a superior to a subordinate in an organization is referredto as

  Options:
  A) downward communication
  B) upward communication
  C) lateral communication
  D) horizontal communication
  Show Answer
  The correct answer is A .
• Question 1190: The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is Options:
  A) span of control
  B) unity of command
  C) scalar chain
  D) unity of direction
  Show Answer
  The correct answer is A .