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 171:

  The elements in marketing mix that ensures goods are available when and where needed is

  Options:
  A) Promotion
  B) price
  C) product
  D) place
  Show Answer
  The correct answer is D .
• Question 172: Under what management function would the motivation employees fall? Options:
  A) Staffing
  B) Controlling
  C) Organizing
  D) Directing
  Show Answer
  The correct answer is A .
• Question 173: Which of the following makes other functions of business its appendages? Options:
  A) production
  B) marketing
  C) finance
  D) personnel
  Show Answer
  The correct answer is B .
• Question 174:

  A debenture holder is entitled to

  Options:
  A) Dividend
  B) Interest
  C) commission
  D) Profit
  Show Answer
  The correct answer is B .
• Question 175: A bus driver operating between Lagos and Jos pledged the owner's credit in Benin in order to have the engine repaired and the bill sent to the owner.This is a case of Options:
  A) del credere agency
  B) agency by necessity
  C) agency by rafication
  D) agency by estoppel
  Show Answer
  The correct answer is B .
• Question 176: Modern business philosophy emphasizes Options:
  A) quality products
  B) customer satisfaction
  C) sales volume
  D) public relations
  Show Answer
  The correct answer is B .
• Question 177: A good financial instrument which serves as a hedge against inflation is? Options:
  A) a bond
  B) a share
  C) an opion
  D) a warrant
  Show Answer
  The correct answer is A .
• Question 178:

  A company which issues a promissory note in lieu of payment for goods purchased

  Options:
  A) Is not bound to renew the note before payment
  B) Can return the goods purchased and refuse to pay
  C) Can refuse to pay on due date since it is only a promise
  D) Is bound to redeem the note for cash on due date
  Show Answer
  The correct answer is D .
• Question 179: Communication enhances business activities by? Options:
  A) facilitating interaction between producers and consumers
  B) facilitating interaction among media houses
  C) ensuring the movement of goods from the producer to the consumer
  D) keeping the goods safe untill they are needed
  Show Answer
  The correct answer is A .
• Question 180:

  I. Wholesaler

  Ii. Fishing

  Iii. Canning

  Iv. Retailing

  The sequence in which the occupational activities above are performed is?

  Options:
  A) iii, ii, i and iv
  B) iii, i, iv and ii
  C) i, ii, iii and iv
  D) ii, iii, i and iv
  Show Answer
  The correct answer is D .