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 491:

  One of the obstacles to achieving the objectives of ECOWAS is?

  Options:
  A) lack of a common currency
  B) colonial linkages
  C) sovereignty of state
  D) language difference
  Show Answer
  The correct answer is D .
• Question 492: The type of computer commonly found in office is? Options:
  A) laptop
  B) desktop
  C) the hybrid computer
  D) the mainframe computer
  Show Answer
  The correct answer is C .
• Question 493:

  Given:
  I. Retail
  II. Export
  III. Transport
  IV. Import
  V. Insurance
  VI. Banking and finance
  VII. Wholesale
  VIII. Communication.

  Which of the above are aids to trade?

  Options:
  A) III, V, VI and VIII
  B) I, II, III and VI
  C) I, III, V, and VI
  D) II, V, VI and VII
  Show Answer
  The correct answer is A .
• Question 494: The business organization in which shareholder's have equal vote is Options:
  A) sole pprietorship
  B) partneeship
  C) co-operative
  D) limited liability company
  Show Answer
  The correct answer is C .
• Question 495: Avast is an example of Options:
  A) a web browser
  B) a search engine
  C) an antivirus
  D) a spread sheet
  Show Answer
  The correct answer is C .
• Question 496: The best pricing strategy for a company that produces warm clothing is? Options:
  A) target return pricing
  B) bid pricing
  C) variable pricing
  D) product line pricing
  Show Answer
  The correct answer is D .
• Question 497: Marketing differs from selling in that,the latter only creates Options:
  A) possession utility
  B) marginal utility
  C) form utility
  D) place utility
  Show Answer
  The correct answer is A .
• Question 498:

  Why will a cheque be dishonored?

  Options:
  A) Regular signature
  B) high amount of money written on the cheque
  C) insufficient funds
  D) general crossing
  Show Answer
  The correct answer is C .
• Question 499:

  Use the above information below to answer question 7 and 8.

  Mr obi is a manager of obi Agricultural Venture.

  He makes all the decisions and takes all profits

  From the business. H e had agreed with Alhaji Musa

  It can be deduce from the above that obi AgricultrualVenture is a

  (a farmer) to pool their resources together and

  Expand their business.They invited Mr Abayomi

  (a cotton grower) to join them. Mr Abayami agreed on the condition that his liability in the new firm will be limited to his investment in it. The thus registered Obi, Musa and Abayaomi''s Agricultural ventures.

  Options:
  A) A sole proprietorship
  B) general partnership
  C) limited partnership
  D) limited partnership
  E) joint partnership
  Show Answer
  The correct answer is A .
• Question 500: In a typical manufacturing enterprises, the line function is performed by the Options:
  A) Public relations department
  B) Marketing Department
  C) Estate or Properties Department
  D) legal Department.
  Show Answer
  The correct answer is B .