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 361: An essential factor for evaluating the different sources of funds for a business is the? Options:
  A) decree establishing the business
  B) ownership structure of the business concern
  C) size and the type of the business
  D) burden of cost and repayment
  Show Answer
  The correct answer is B .
• Question 362: A printer that burns the print image onto the photosensitive drum is called Options:
  A) dot matrix printer
  B) daisy wheel printer
  C) laser printer
  D) thermal printer
  Show Answer
  The correct answer is C .
• Question 363:

  Why is clear bill of lading called so?

  Options:
  A) It shows records of damaged goods
  B) It shows no records of damaged goods
  C) It is a clear bill
  D) It signifies no debt is owed
  Show Answer
  The correct answer is B .
• Question 364: The fees charged on postal order by the post office is _____? Options:
  A) interest
  B) brokerage
  C) poundage
  D) premium
  Show Answer
  The correct answer is C .
• Question 365: The main purpose of branding is to Options:
  A) create identity for a product
  B) make a product look attractive
  C) create product awareness
  D) increase sales volume
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  The correct answer is A .
• Question 366:

  An organization which focuses on consumers satisfaction is practicing

  Options:
  A) Marketing concepts
  B) Selling concepts
  C) Consumerism
  D) Market segmentation
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  The correct answer is A .
• Question 367: Dealing in quoted securities on the Nigerian Stock Exchange is restricted to authorized Options:
  A) companies
  B) brokers
  C) investors
  D) principals.
  Show Answer
  The correct answer is B .
• Question 368: An agent employed to sell goods delivered to him by the principal is referred to as a Options:
  A) special agent
  B) del credere agent
  C) factor
  D) universal agent
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  The correct answer is B .
• Question 369: The pooling of business information for the benefit of members s is a major function of a? Options:
  A) pressure group
  B) trade association
  C) cultural group
  D) trade union
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  The correct answer is B .
• Question 370: The overriding advantage of home trade over foreign trade is Options:
  A) accessibility of seller to buyer
  B) absence of many documents
  C) ease in language of transaction
  D) ease in form of payment
  Show Answer
  The correct answer is A .