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 231:

  

  The organizational structure above represents

  Options:
  A) line and functional structure
  B) line and staff structure
  C) functional structure
  D) line structure
  Show Answer
  The correct answer is B .
• Question 232:

  

  Use the diagram above to answer this question

  X represents

  Options:
  A) action
  B) receiver
  C) transmission
  D) ideation
  Show Answer
  The correct answer is B .
• Question 233: The direct authority of a superior over his subordinate is known as Options:
  A) staff authority
  B) line authority
  C) line and staff authority
  D) office authority
  Show Answer
  The correct answer is B .
• Question 234: Which oft these factors of production is relatively fixed in supply? Options:
  A) Capital
  B) Enterpreneuer
  C) Human resources
  D) Natural resources
  Show Answer
  The correct answer is D .
• Question 235: One of the duties of the employer to his employee is to Options:
  A) delegate his duties to others staff
  B) charge the employee on the use of equipment
  C) serve faithfully and honestly
  D) provide job security
  Show Answer
  The correct answer is D .
• Question 236: A source of capital that has elements of debt and equity is a? Options:
  A) debenture
  B) warrant
  C) loan
  D) share
  Show Answer
  The correct answer is D .
• Question 237: A retail cooperative society aims at? Options:
  A) hoarding manufactured goods
  B) cutting off the profit of the middlemen
  C) lending money to members at a low interest rates
  D) encouraging members to save money
  Show Answer
  The correct answer is B .
• Question 238: An example of a consumer protection agency is the? Options:
  A) Nigeria Bar association
  B) Nigeria Medical Association
  C) Ferderal Environmental Protection Agency
  D) Manufacturers Association of Nigeria
  Show Answer
  The correct answer is C .
• Question 239: The body charged with divesting government interests in public enterprises is? Options:
  A) SON
  B) NPC
  C) BPE
  D) NDE
  Show Answer
  The correct answer is C .
• Question 240: The type of labour that makes use of physical effort in production processes is the Options:
  A) unskilled labour
  B) skilled labour
  C) blue-collar job
  D) white-collar job
  Show Answer
  The correct answer is A .