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 271: The computer using linear integrated circuit technology complied with quantification of data in term of length and distance is Options:
  A) Main frame Computer
  B) Digital Computer
  C) Analogue Computer
  D) Hybrid Computer
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  The correct answer is A .
• Question 272: A business organization must always consider the overall effect of its actions on the Options:
  A) competitor
  B) product
  C) profit
  D) society
  Show Answer
  The correct answer is C .
• Question 273:

  The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples. personal selling involves

  Options:
  A) face-to-face communication with customers
  B) distributing instructional posters
  C) premium programming for Customers
  D) publishing promotional hooklets
  Show Answer
  The correct answer is A .
• Question 274: An opportunity to reject a binding contract at will by a third party is said to be a? Options:
  A) valid contract
  B) quasi contract
  C) voidable contract
  D) conditional contract
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  The correct answer is C .
• Question 275: The major objective of corporate mergers is to Options:
  A) minimize the effects of taxation
  B) increase financial advantage
  C) faclitate profit maximization
  D) enhance economies of scale
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  The correct answer is D .
• Question 276:

  Given:

  $\begin{array}{cc}\text{Opening stock}& 50,000\\ \text{Purchases}& 200,000\\ \text{Sales}& 350,000\\ \text{Closing stock}& 80,000\end{array}$

  What is the cost of good sold?

  Options:
  A) ₦200,000
  B) ₦190,000
  C) ₦170,000
  D) ₦175,000
  Show Answer
  The correct answer is C .
• Question 277: The letters E and OE stands for __________? Options:
  A) Errors of exception
  B) Errors and omissions excepted
  C) Estimated and order error
  D) End of error
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  The correct answer is B .
• Question 278:

  The maximum number of shareholders in a public liability company is

  Options:
  A) One hundred
  B) Unlimited
  C) Fifty
  D) Twenty
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  The correct answer is B .
• Question 279:

  The face-to-face meeting of the seller with the buyer for the purpose of making sales is

  Options:
  A) mass selling
  B) impulse buying
  C) personal selling
  D) sale promotion
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  The correct answer is C .
• Question 280:

  The scope of commerce is limited to________

  Options:
  A) home and foreign trade
  B) wholesaler and retail trade
  C) trade and aids to trade
  D) wholesale and entreport trade
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  The correct answer is C .