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 161: The type of communication from a superior to a subordinate in an organization is referred as? Options:
  A) horizontal communication
  B) lateral communication
  C) downward communication
  D) upward communication
  Show Answer
  The correct answer is C .
• Question 162: The main frame of selling directly to the consumers by manufacturers is to? Options:
  A) reduce transportation cost
  B) make contact with individual consumers
  C) discourage the activities of middlemen
  D) maximize profit margin
  Show Answer
  The correct answer is C .
• Question 163: An agent who takes tittle to goods and has authority to buy and sell on behalf of another is? Options:
  A) a jobber
  B) a broker
  C) a factor
  D) an auctioneer
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  The correct answer is C .
• Question 164:

  A group of sellers who pool their resources to buy goods in large quantities and sell to its members is a

  Options:
  A) wholesaler cooperative society
  B) thrift and credit society
  C) consumer cooperative society
  D) chamber of commerce
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  The correct answer is A .
• Question 165:

  What is the difference between current assets and current liabilities?

  Options:
  A) Working capital
  B) nominal capital
  C) capital employed
  D) issued capital
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  The correct answer is A .
• Question 166:

  An undertaking to repair a customer's vehicle for a certain period after it has been sold is

  Options:
  A) after-sales service
  B) marketing mix
  C) market segmentation
  D) sales promotion
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  The correct answer is A .
• Question 167:

  One major characteristic of credit unions and thrift societies is that

  Options:
  A) the contribution of every member depends on the member's ability
  B) the legal processes involved in their formation are rigid
  C) membership is compulsory to people in the same line of business
  D) a minimum of ten people in the same line of business can form the union
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  The correct answer is A .
• Question 168: Warehousing is important to manufacturers because it helps to? Options:
  A) improve the quality of goods
  B) produce goods in advance
  C) meet the demand of customers
  D) determine input rquirements
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  The correct answer is B .
• Question 169: The harmonious relationship among the various units in an organization is ensured through Options:
  A) co-ordination
  B) motivation
  C) planning
  D) leadership
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  The correct answer is D .
• Question 170: The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples, personal selling involves? Options:
  A) distributing instructional posters
  B) face-to-face communication with customers
  C) premium programming for customers
  D) publishing promotional booklets
  Show Answer
  The correct answer is B .