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 1451: The main purpose of branding is to Options:
  A) create identity for a product
  B) make a product look attractive
  C) create product awareness
  D) increase sales volume
  Show Answer
  The correct answer is A .
• Question 1452:

  The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is

  Options:
  A) unity of command
  B) scalar chain
  C) unity of direction
  D) span of control
  Show Answer
  The correct answer is D .
• Question 1453: The type of marine insurance which covers either damage or loss to the vessel and such as caused by it to other vessel is? Options:
  A) hull insurance
  B) time insurance
  C) freight insurance
  D) cargo insurance
  Show Answer
  The correct answer is A .
• Question 1454: The document issued to a port authority when goods are deposited is a? Options:
  A) dock landing account
  B) bill of sight
  C) bill of lading
  D) dock warrant
  Show Answer
  The correct answer is D .
• Question 1455:

  The safe keeping of goods produced until they are needed is

  Options:
  A) hoarding
  B) marketing
  C) packaging
  D) warehousing
  Show Answer
  The correct answer is D .
• Question 1456: The rate of turnover of a firm in a given year is 5 times while the average stock is #12,500. what is the turnover of the firm? Options:
  A) #24,000
  B) #46,500
  C) #62,500
  D) #65,000
  Show Answer
  The correct answer is C .
• Question 1457: The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a Options:
  A) improved exchange
  B) enhanced trade
  C) enhance development
  D) improved relations
  Show Answer
  The correct answer is B .
• Question 1458: The abbreviation C and F indicate that the? Options:
  A) production cost excludes the cost of carriage
  B) selling price includes the cost of carriage
  C) cost of production includes dilivery charges
  D) cost price includes the cost of carriage
  Show Answer
  The correct answer is B .
• Question 1459: The program that makes up the operating system in a computer is? Options:
  A) microprogram
  B) system flowchart
  C) system software
  D) syntax
  Show Answer
  The correct answer is C .
• Question 1460:

  The most important resources of business is_______

  Options:
  A) Human resources
  B) Money resources
  C) Material resources
  D) Opportunities
  Show Answer
  The correct answer is A .