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 31: A seller attracts and retains patronage by? Options:
  A) enhancing public relationship
  B) enhance sales promotion
  C) rendering pre-sales services
  D) rendering customer service
  Show Answer
  The correct answer is C .
• Question 32:

  A discount deducted from the invoice price of goods to enable the retailer to make profit

  Options:
  A) cash discount
  B) functional discount
  C) trade discount
  D) seasonal discount
  Show Answer
  The correct answer is A .
• Question 33:

  The last link in a channel of distribution is the

  Options:
  A) wholesaler
  B) retailer
  C) consumer
  D) agent
  Show Answer
  The correct answer is C .
• Question 34: Communication process involves the transmission of a message over a selected channel to the? Options:
  A) receiver
  B) audience
  C) sender
  D) encoder
  Show Answer
  The correct answer is A .
• Question 35: In every simple contract, the price which is paid to purchase a promise is called Options:
  A) offeree
  B) acceptance
  C) consideration
  D) representation
  Show Answer
  The correct answer is C .
• Question 36: Communication is relevant to business activities because it Options:
  A) creates wealth for people
  B) reduces the cost and risk of travelling
  C) connects people
  D) enhances delivery of goods and servicess
  Show Answer
  The correct answer is B .
• Question 37: Which of these is both merit and demerit in partnership? Options:
  A) The number of partners
  B) It unlimited nature
  C) The bearing of risk
  D) The withdrawal of a major partner
  Show Answer
  The correct answer is A .
• Question 38: A bond which attracts interest but leaves the capital repaid is referred to as Options:
  A) A redeemable bond
  B) An irredeemable bond
  C) A development bond
  D) A long-term loan
  Show Answer
  The correct answer is B .
• Question 39: Public debt management is one of the functions of a? Options:
  A) merchant bank
  B) central bank
  C) commercial bank
  D) development bank
  Show Answer
  The correct answer is B .
• Question 40: A major factor hindering effective communication process is? Options:
  A) climate condition
  B) social unrest
  C) distance
  D) noise
  Show Answer
  The correct answer is D .