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 441: The practice whereby soft drink manufacturers give away caps, bags and other items when consumers buy their product is a form of Options:
  A) marketing strategies
  B) publicity
  C) advertising
  D) saels promotion
  Show Answer
  The correct answer is D .
• Question 442:

  Use this information to answer the question below.

  Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution.

  Babalawee is ___________?

  Options:
  A) a claimant
  B) a manager
  C) an assessor
  D) a reciever
  Show Answer
  The correct answer is D .
• Question 443: A lawyer that defrauds his client may be derobed by the Nigerian Bar association in order to Options:
  A) protect other lawyers
  B) protect the intergrity of the association
  C) compensate the affected client
  D) prevent the client from sueing the association
  Show Answer
  The correct answer is B .
• Question 444: The direct authority of a superior over his subordinate is known as Options:
  A) staff authority
  B) line authority
  C) line and staff authority
  D) office authority
  Show Answer
  The correct answer is B .
• Question 445: Which of the following maxims negate the principle of collective bargaining? Options:
  A) individual employees have weak bargaining base
  B) individual employees attain strength when they come together in union
  C) only members of the union can benefit from agreements negotiated by the union
  D) collective bargainig covers the vast majority of employees, whether union members or not
  Show Answer
  The correct answer is C .
• Question 446: The main difference between nationalization and indigenization is in terms of Options:
  A) shareholding
  B) profit
  C) technology
  D) efficiency
  Show Answer
  The correct answer is C .
• Question 447: An activity that involves derivation of raw materials from land and sea is? Options:
  A) construction
  B) farming
  C) agriculture
  D) extraction
  Show Answer
  The correct answer is D .
• Question 448:

  The type of communication from a superior to a subordinate in an organization is referredto as

  Options:
  A) downward communication
  B) upward communication
  C) lateral communication
  D) horizontal communication
  Show Answer
  The correct answer is A .
• Question 449:

  Consumers could be encouraged to purchase a company's product through

  Options:
  A) research
  B) planning
  C) distribution
  D) advertisement
  Show Answer
  The correct answer is D .
• Question 450:

  The duties paid on goods produced locally is

  Options:
  A) Ad-valorem duty
  B) excise duty
  C) export duty
  D) quota
  Show Answer
  The correct answer is B .