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 391:

  When two or more companies agree to execute a project too large for one to handle, this is referred to as

  Options:
  A) an amalgamation
  B) a cartel
  C) a consortium
  D) a merger
  Show Answer
  The correct answer is C .
• Question 392:

  The board of directors of public enterprise is appointed by who?

  Options:
  A) Employees
  B) management
  C) government
  D) shareholders
  Show Answer
  The correct answer is D .
• Question 393: The nominal value of a share as specified in the Memorandum of Association and the share certificate is the Options:
  A) discounted value
  B) stock value
  C) face value
  D) par value
  Show Answer
  The correct answer is C .
• Question 394: Materials used for further production of goods and services are known as? Options:
  A) export goods
  B) intermediate goods
  C) capital goods
  D) consumer goods
  Show Answer
  The correct answer is C .
• Question 395: A risk that can be estimated and calculated to be compensation is? Options:
  A) a delivery risk
  B) an insurable risk
  C) a credit risk
  D) a systematic risk
  Show Answer
  The correct answer is B .
• Question 396:

  A business environment that take into consideration the beliefs, attitudes, needs, values and attitudes of the people is_________

  Options:
  A) Economic environment
  B) Technological environment
  C) Political environment
  D) Cultural environment
  Show Answer
  The correct answer is D .
• Question 397:

  An author's exclusive right to his published and unpublished works is known as

  Options:
  A) constitutional right
  B) author's right
  C) copyright
  D) patent right
  Show Answer
  The correct answer is C .
• Question 398:

  One of the products of the construction industry is a

  Options:
  A) piece of cloth
  B) bag of cement
  C) television
  D) chair
  Show Answer
  The correct answer is B .
• Question 399: A proposed company may not be registered if? Options:
  A) the name conficits with that of another
  B) it does not put 'limited' after its proposed name
  C) it has no paid-up capital
  D) it has no asset of its own
  Show Answer
  The correct answer is A .
• Question 400: The provision of quality and safe products which guarantee the health of consumers is an example of Options:
  A) quality control
  B) price control
  C) civic responsibility
  D) social responsibility
  Show Answer
  The correct answer is A .