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: Risk bearing in business organisation is a function of the _____ Options:
  A) employees
  B) customers
  C) entrepreneur
  D) manager
  Show Answer
  The correct answer is C .
• Question 172: Which of the following is used to inform the addressee that a registered parcel is ready for collection? Options:
  A) Express label
  B) Counterfoil
  C) Telegram
  D) Slip
  Show Answer
  The correct answer is D .
• Question 173: Money can simply be referred to as a? Options:
  A) medium of exchange
  B) means for the settlement of debts
  C) durable assets for doing business
  D) standard of value
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  The correct answer is A .
• Question 174: An example of extractive occupation is ______ Options:
  A) mining
  B) teaching
  C) banking
  D) driving
  Show Answer
  The correct answer is A .
• Question 175: Poor sewage disposal, oil spill and indiscriminate refuse dumping all lead to? Options:
  A) land pollution
  B) water pollution
  C) land and water pollution
  D) air and water pollution
  Show Answer
  The correct answer is C .
• Question 176: The most commonly used commercial documents are? Options:
  A) order notes, debit notes, invoices and quotations
  B) letters of enquiry, consignment notes, receipts and invoices
  C) credit notes, statement of accounts, depatch order and bills
  D) balance sheet, receipts, invoices and manifest
  Show Answer
  The correct answer is A .
• Question 177: A core investor in the current phase of privatization in Nigeria is one who? Options:
  A) can afford to buy most of the shares of the enterprises
  B) will be at the core of the enterprises
  C) can mobilize foreign currency equivalent to the value of the enterprises
  D) has the technical know-how of the enterprises
  Show Answer
  The correct answer is A .
• Question 178: The best means of sending unwritten messages simultaneously to many branches of an organization within a country is the? Options:
  A) television
  B) telephone
  C) telegraph
  D) radio
  Show Answer
  The correct answer is C .
• Question 179: When an industry or company is nationalized, the state becomes Options:
  A) the major shareholder
  B) the mini shareholder
  C) the only shareholder
  D) an equal shareholder with other individuals
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  The correct answer is C .
• Question 180: A major factor that affects business operations is Options:
  A) technology
  B) supply
  C) product
  D) rivalry
  Show Answer
  The correct answer is A .