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 1261: The business organization in which shareholder's have equal vote is Options:
  A) sole pprietorship
  B) partneeship
  C) co-operative
  D) limited liability company
  Show Answer
  The correct answer is C .
• Question 1262: One type of investment that have a variable income is Options:
  A) debentures
  B) preferred shares
  C) government bonds
  D) ordinary shares
  Show Answer
  The correct answer is D .
• Question 1263: Factors considered when setting up a retail business is one of the following _________ Options:
  A) capital, experience and trading
  B) experience, term of trade, and trading
  C) capital, trading and term of trade
  D) capital, type of goods and source of supply
  Show Answer
  The correct answer is D .
• Question 1264: The conversion of raw material into finished products creates Options:
  A) Marginal utility
  B) Place utility
  C) form utility
  D) time utility
  Show Answer
  The correct answer is C .
• Question 1265:

  All but one is not an output devices?

  Options:
  A) Joystick
  B) Monitor
  C) Plotter
  D) Printer
  Show Answer
  The correct answer is A .
• Question 1266: Kabir receives two quotations. Ade quotes N 100 less 20% trade discount and 20% cash discount while Benson N100 less 30%trade discount and 10% cash discount. If Kabir wants to take advantage and cash discount, then Options:
  A) the material should be supplied by Ade
  B) the material should be supplied by both of them
  C) the material should be supplied by Benson
  D) Benson should be ask to reduce his trade discount
  Show Answer
  The correct answer is A .
• Question 1267: The measure of independence available to the individual business unit that come together is the main different between Options:
  A) veritcal and horizontal integration
  B) mergers and acquisition
  C) consortium and almalgamation
  D) trust and cartel
  Show Answer
  The correct answer is B .
• Question 1268:

  The internet is a system of telecommunication used for

  Options:
  A) The internet is a system of telecommunication used for
  B) Communicating long distance messages
  C) Sending and receiving text messages
  D) Communicating messages through telegrams
  Show Answer
  The correct answer is A .
• Question 1269:

  A fall in the value of a country's currency vis-a-vis other currencies is known as__________

  Options:
  A) Depreciation
  B) Reduction
  C) Devaluation
  D) Exchange rate
  Show Answer
  The correct answer is C .
• Question 1270: The document lodged with the customs authorities before a ship can leave the port is a Options:
  A) shipping note
  B) ship report
  C) ship manifest
  D) dock warrant
  Show Answer
  The correct answer is C .