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 331: Which of the following takes place when firms producing at different stages in the same industry combine? Options:
  A) conglomeration
  B) vertical integration
  C) horizontal integration
  D) cartel
  Show Answer
  The correct answer is B .
• Question 332: The function of commerce in relation to production is ______ Options:
  A) helping in the extraction of raw material from nature
  B) providing a link between the different stage of conversion of good
  C) yielding result
  D) satisfying
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  The correct answer is D .
• Question 333:

  An example of a computer operating system is

  Options:
  A) the page maker
  B) windows 2000
  C) Microsoft word 2000
  D) the word perfect
  Show Answer
  The correct answer is B .
• Question 334: Enter pot trade is said to have taken place when goods are? Options:
  A) held at the port payment of custom duty
  B) sold in the ship under special regulation
  C) imported and then re-export
  D) kept for further processing before sales
  Show Answer
  The correct answer is C .
• Question 335: A broker is an agent who links a potential investor with? Options:
  A) a shareholder who wants to register a company
  B) other members of the exchange who want to trade
  C) governement official on the exchange
  D) a quoted company
  Show Answer
  The correct answer is D .
• Question 336: The buying and selling of goods and services is referred to as Options:
  A) trading
  B) marketing
  C) insurance
  D) advertising
  Show Answer
  The correct answer is A .
• Question 337: The turnover of firm maybe affected by Options:
  A) the demand for its product
  B) the cost of its goods sold
  C) its closing stock
  D) its net assets
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  The correct answer is A .
• Question 338:

  Which of the following is a verbal means of communication

  Options:
  A) Telephone
  B) Express mail
  C) Business reply services
  D) Telex
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  The correct answer is A .
• Question 339: One major characteristic of credit unions and thrift societies is that? Options:
  A) the legal processes involved in their formation are rigid
  B) membership is compulsory to people in the same line of business
  C) the contribution of every member depends on the member's ability
  D) a minimum of ten people in the same line of business can form the union
  Show Answer
  The correct answer is C .
• Question 340: One of the major reasons for merger is to Options:
  A) reduce the number of unskilled manpower
  B) increase the number of skilled manpower
  C) prevent liquidation
  D) liberalize the market
  Show Answer
  The correct answer is C .