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 451: The location of a business is mostly influenced by? Options:
  A) market outlet
  B) management decision
  C) capital
  D) environment
  Show Answer
  The correct answer is D .
• Question 452:

  A cheque is specially crossed if

  Options:
  A) the name of the account holder is written between two parallel lines drawn across it
  B) it could be paid over the counter
  C) the name of the bank is written between two parallel lines drawn across it
  D) only two parallel lines are drawn across it
  Show Answer
  The correct answer is C .
• Question 453: Personal selling is most effective in marketing industrial goods because it involves? Options:
  A) recongnition and attachment to customers
  B) personal interaction and information gathering
  C) demonstrations and product acceptability
  D) after-sales services and product demonstrations
  Show Answer
  The correct answer is B .
• Question 454: A business that focuses attention on the quality of the goods produced by precisely knowing what the consumers desire is said to be operation the Options:
  A) product mix
  B) promotion mix
  C) marketing concept
  D) product orientation.
  Show Answer
  The correct answer is C .
• Question 455: An example of a computer operating system is? Options:
  A) the Pagemaker
  B) the Word Perfect
  C) Microsoft Word 2000
  D) Windows 2000
  Show Answer
  The correct answer is D .
• Question 456: The major determinant of fire insurance premium is the? Options:
  A) type and structure of the property to be insured
  B) usefulness of the property to the owner
  C) owner of the property to be insured
  D) extent of fire damage anticipated
  Show Answer
  The correct answer is A .
• Question 457: A document recording the transactions of an organization with its customer for a specified period which normally shows the indebtedness of one to the other is a Options:
  A) statement of account
  B) consular invoice
  C) proforma invoice
  D) statement affairs
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  The correct answer is A .
• Question 458:

  A partner who contributes only his name to the formation of a partnership is

  Options:
  A) a nominal partner
  B) a limited partner
  C) a general partner
  D) an active partner
  Show Answer
  The correct answer is A .
• Question 459: The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is? Options:
  A) demographic evironment
  B) economic evironment
  C) cultural environment
  D) natural environment
  Show Answer
  The correct answer is A .
• Question 460: A document sent by a broker to his client to confirm a purchase of sale made on his behalf is Options:
  A) delivery note
  B) consignment note
  C) transfer form
  D) contract note
  Show Answer
  The correct answer is D .