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 1351:

  Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public

  Options:
  A) Private limited liability
  B) Public limited liability
  C) Partnership
  D) Co-operative society
  Show Answer
  The correct answer is A .
• Question 1352: Which of these companies offers after-sales services? Options:
  A) iv
  B) iii
  C) ii
  D) i
  Show Answer
  The correct answer is C .
• Question 1353: The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is? Options:
  A) rejuvenation
  B) focus
  C) diversification
  D) consolidation
  Show Answer
  The correct answer is C .
• Question 1354:

  

  Use the information Above to answer this question.

  What is the current ratio?

  Options:
  A) 4:1
  B) 4.5:1
  C) 5:1
  D) 25.5:1
  Show Answer
  The correct answer is C .
• Question 1355: In case of a liquidation of a public limited liability company, those that are first paid are Options:
  A) ordinary shareholders
  B) prefernce shareholders
  C) cumulative preference shareholders
  D) debenture holders
  Show Answer
  The correct answer is D .
• Question 1356: An author’s exclusive righto his published and unpublished works is known as? Options:
  A) authors right
  B) constitution right
  C) patent right
  D) copyright
  Show Answer
  The correct answer is D .
• Question 1357: The label on a product such as 'pampers' is atype of? Options:
  A) trademark
  B) branding
  C) packaging
  D) patent right
  Show Answer
  The correct answer is A .
• Question 1358: If the rate of turnover of a company in 1999 was 4 times while the average stock was N49,600, determine the turnover. Options:
  A) N199,400
  B) N198,400
  C) N100,200
  D) N99,200
  Show Answer
  The correct answer is B .
• Question 1359: The most important benefit of insurance is that it provides? Options:
  A) control over activities
  B) the insured with a right to premium
  C) the insured with a right to full compensation
  D) protection against risks
  Show Answer
  The correct answer is D .
• Question 1360: One of the major disadvantages of pipeline transportation is its? Options:
  A) high cost of construction
  B) limitation in scope
  C) vulnerability to climate changes
  D) high maintainance cost
  Show Answer
  The correct answer is A .