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:

  The basic characteristics of co-operative society include all except one

  Options:
  A) It is managed democratically
  B) It follows the principle of one man
  C) Amateur Management
  D) Extra capital is raised through loan
  Show Answer
  The correct answer is C .
• Question 392: What is the most important use of promotion in marketing? Options:
  A) Persuasion
  B) Conviction
  C) Information
  D) Education
  Show Answer
  The correct answer is C .
• Question 393:

  A specially-designed mode of transport for conveying liquid and gas is a

  Options:
  A) coaster
  B) tanker
  C) liner
  D) ferry
  Show Answer
  The correct answer is B .
• Question 394:

  

  X represents

  Options:
  A) action
  B) transmission
  C) ideation
  D) receiver
  Show Answer
  The correct answer is C .
• Question 395: A retail cooperative society aims at? Options:
  A) hoarding manufactured goods
  B) cutting off the profit of the middlemen
  C) lending money to members at a low interest rates
  D) encouraging members to save money
  Show Answer
  The correct answer is B .
• Question 396:

   communication process involves the transmission of a message over a selected channel to the?

  Options:
  A) encoder
  B) receiver
  C) audience
  D) sender
  Show Answer
  The correct answer is B .
• Question 397: The most effective nut limited medium of advertising in Nigeria is? Options:
  A) billboard
  B) television
  C) newspaper
  D) radio
  Show Answer
  The correct answer is A .
• Question 398: The letters E and OE stands for __________? Options:
  A) Errors of exception
  B) Errors and omissions excepted
  C) Estimated and order error
  D) End of error
  Show Answer
  The correct answer is B .
• Question 399: The three components of staffing are? Options:
  A) recruitment, interview and appointment
  B) recruitment, test and placement
  C) recruitment, selection and appointment
  D) recruitment, selection and placement
  Show Answer
  The correct answer is D .
• Question 400:

  The principle of span of control stipulates that?

  Options:
  A) The number of employees reporting to one superior should be kept to a workable maximum
  B) An employee should report to only one superior
  C) Managers must demand accountability from their subordinates
  D) Resources have to be economized within the various divisions
  Show Answer
  The correct answer is A .