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 1321: A doctor who attends to patients at home after his official duty is? Options:
  A) a community develoment worker
  B) a direct service worker
  C) an indirect sevice worker
  D) a direct and an indirect sevice worker
  Show Answer
  The correct answer is B .
• Question 1322: The effective and efficient delivery of the desired satisfaction by a firm is said to be the practice of Options:
  A) Product concept
  B) Marketing concept
  C) Distribution concept
  D) Price concept
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  The correct answer is B .
• Question 1323: The promotion and protection of trade industry and agriculture through trade fairs is a function of Options:
  A) NACRDB
  B) NACCIMA
  C) the consumer protection council
  D) the chamber of commerce
  Show Answer
  The correct answer is D .
• Question 1324: The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through? Options:
  A) public relations
  B) advertising
  C) sales promotion
  D) rebranding
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  The correct answer is A .
• Question 1325: The components of capital employed in a business are? Options:
  A) owners' equity and long-term debts
  B) total assets and current liabilities
  C) share capital and long-term debts
  D) share capital and current liabilities
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  The correct answer is B .
• Question 1326:

  

  The organizational structure above represents

  Options:
  A) line and functional structure
  B) line and staff structure
  C) functional structure
  D) line structure
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  The correct answer is B .
• Question 1327: The three main classification of occupation are? Options:
  A) construction, trade and services
  B) manufacturing, industry and services
  C) farming, banking and trading
  D) industry, commerce and services
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  The correct answer is D .
• Question 1328:

  The risks that can be forecast and measured is termed___________

  Options:
  A) Gambling
  B) Insurable risks
  C) Non-Insurable risks
  D) Indenmity Insurance
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  The correct answer is B .
• Question 1329: The term free on board means that the price includes? Options:
  A) costs and insurance only
  B) costs and freight only
  C) freight and insurance only
  D) costs, insurance and freight
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  The correct answer is D .
• Question 1330: One of the duties of the employer to his employee is to Options:
  A) delegate his duties to others staff
  B) charge the employee on the use of equipment
  C) serve faithfully and honestly
  D) provide job security
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  The correct answer is D .