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 1251: The making of doors from timber planks is a type of? Options:
  A) manufacturing
  B) tertiary production
  C) secondary produuction
  D) primary production
  Show Answer
  The correct answer is C .
• Question 1252: Profit that is expressed as a percentage of the cost of goods sold is referred to as Options:
  A) margin
  B) mark-up
  C) gain percent
  D) gross profit
  Show Answer
  The correct answer is B .
• Question 1253: 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 1254:

  The scope of economic activities can be enlarged by

  Options:
  A) transportation and trading
  B) trading and aids to trade
  C) business and its promotion
  D) insurance and banking
  Show Answer
  The correct answer is B .
• Question 1255: A source of capital that has elements of debt and equity is a? Options:
  A) debenture
  B) warrant
  C) loan
  D) share
  Show Answer
  The correct answer is D .
• Question 1256: The efficiency of an organization is enhanced by? Options:
  A) government assistance
  B) the host community
  C) customer support
  D) skilled manpower
  Show Answer
  The correct answer is D .
• Question 1257:

  All activities that contribute towards making goods and services available to the people are

  Options:
  A) Economic activities
  B) Political activities
  C) Productive activities
  D) Business activities
  Show Answer
  The correct answer is C .
• Question 1258: The most important advantage of privatization is the enhancement of? Options:
  A) liquidity
  B) accountantability
  C) profitability
  D) efficiency
  Show Answer
  The correct answer is D .
• Question 1259: Another name or term for a dishonoured cheque is ______ Options:
  A) an order cheque
  B) a bounced cheque
  C) a bearer cheque
  D) an open cheque
  Show Answer
  The correct answer is B .
• Question 1260: The transmission of telephone services from one country to another is facilitated by? Options:
  A) communication satelite
  B) international facility
  C) interconnectivity
  D) internet services
  Show Answer
  The correct answer is A .