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 321:

  

  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 322:

  The scope of economic activities can be enlarged by

  Options:
  A) transportation and trading
  B) trading and aids to trade
  C) business and its promotion
  D) insurance and banking
  Show Answer
  The correct answer is B .
• Question 323: The machine used for sending telex messages is known as a? Options:
  A) radar
  B) fax machine
  C) dictaphone
  D) teleprinter
  Show Answer
  The correct answer is B .
• Question 324: An instrument used in lieu of legal tender is known as ______? Options:
  A) Token money
  B) commodity money
  C) fiat money
  D) representative
  Show Answer
  The correct answer is B .
• Question 325:

  A self-contained chunk of code with principal aim to replies preferably undetected and to copy itself into the computer's memory and the computer's hard-disk is_________

  Options:
  A) Hardware
  B) Software
  C) Computer remedies
  D) Virus
  Show Answer
  The correct answer is D .
• Question 326:

  The insurance principle that requires full disclosure of information on the insured is known as ?

  Options:
  A) indemnity
  B) caveat emptor
  C) subrogation
  D) uberrimae Fidel
  Show Answer
  The correct answer is D .
• Question 327: The document a seller uses in dispatching goods to a customer by a carrier is Options:
  A) a bill of landing
  B) an invoice
  C) an advice note
  D) a delivery note
  Show Answer
  The correct answer is D .
• Question 328:

  Commerce brings about all except one

  Options:
  A) International co-operation
  B) Improvement in the standard of living
  C) Monotony of work
  D) Infrastructural development
  Show Answer
  The correct answer is C .
• Question 329: The fear of many communities concerning tourism development is the? Options:
  A) influence of foreign culture
  B) fear of disease transmission
  C) fear of pollution
  D) religious intolerance
  Show Answer
  The correct answer is A .
• Question 330: The most important advantage of personal selling is that it Options:
  A) allows sellers to percieve buyers' needs
  B) allows sellers to sell their goods quickly
  C) takes place easily on the high ways
  D) takes place without the permissionof government
  Show Answer
  The correct answer is A .