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 181: One important requirement for the membership of the ECOWAS is? Options:
  A) intergrity
  B) independence
  C) landmass
  D) population
  Show Answer
  The correct answer is B .
• Question 182: Personal selling is most effective in marketing industrial goods because it involves? Options:
  A) recongnition and attachment to customers
  B) personal interaction and information gathering
  C) demonstrations and product acceptability
  D) after-sales services and product demonstrations
  Show Answer
  The correct answer is B .
• Question 183: The efficiency of an organization is enhanced by? Options:
  A) government assistance
  B) the host community
  C) customer support
  D) skilled manpower
  Show Answer
  The correct answer is D .
• Question 184: Sources of finance to a business include personal savings, share, debentures and? Options:
  A) loans from IMF
  B) bank overdraft
  C) central bank loans
  D) money from political parties
  Show Answer
  The correct answer is B .
• Question 185: A documentary bill will normally be accompanied by Options:
  A) . sales invoice, bill of lading and insurance certificate
  B) clean bill, bill of lading, and insurance certificate
  C) bill of lading, consular invoice, and insurance certificate
  D) consular invoice, FOB certificate and bill of lading
  Show Answer
  The correct answer is D .
• Question 186: The instrument establishing the Economic Community of West African State in 1975 is Options:
  A) a decree
  B) an act
  C) a treaty
  D) constitution
  Show Answer
  The correct answer is C .
• Question 187: The internet is a system of telecommunication used for Options:
  A) Sending electronic message
  B) Communicating messages through telegrams
  C) Communicating long-distance
  D) Sending and renewing text message
  Show Answer
  The correct answer is A .
• Question 188:

  The creation of goods and services to satisfy human wants is referred to as

  Options:
  A) manufacturing
  B) commercialization
  C) production
  D) entrepreneurship
  Show Answer
  The correct answer is C .
• Question 189:

  

  What are fixtures and fittings in a balance sheet?

  Options:
  A) liquid capital
  B) current assets
  C) fixed assets
  D) working capital
  Show Answer
  The correct answer is C .
• Question 190:

  Which of these is not a merit of division of labour

  Options:
  A) results in specialization
  B) brings about an element of automation
  C) Training in new jobs is facilitated
  D) Creates monotony in the work force
  Show Answer
  The correct answer is D .