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 531:

  Which of the following is not a function of a consumer association?

  Options:
  A) Ensuring that consumers buy quality goods
  B) Educating consumers on their rights
  C) Penalizing importers of fake goods
  D) Ensuring that fair prices are charged
  Show Answer
  The correct answer is B .
• Question 532: Risk bearing in business organisation is a function of the _____ Options:
  A) employees
  B) customers
  C) entrepreneur
  D) manager
  Show Answer
  The correct answer is C .
• Question 533:

  Chibuzor agreed to make a dress for Hauwa with September 20, 1995 as the delivery date, if the dress was not ready on that date, Hauwa could

  Options:
  A) sue chibuzor for specific performance
  B) seize another gown from chibuzor's shop
  C) regard the contract between then as terminated
  D) sue chibuzor for damage
  Show Answer
  The correct answer is A .
• Question 534: The least of the advantages of indigenization is that Options:
  A) the standard of living of the indigenes is improved
  B) the economy is controlled by the nationals
  C) enterpreneurals skill is developped
  D) foreigners' domination is avoided
  Show Answer
  The correct answer is A .
• Question 535: Inbound tourism occurs when? Options:
  A) non-residents of a country travel to other countries
  B) resident of a country travel to another country
  C) non-resident of a country tyravel within it
  D) resident of a country travel within it
  Show Answer
  The correct answer is D .
• Question 536: The slogan, a wonderful world, used by a communication network is a form of? Options:
  A) product differentiation
  B) persuasive advertising
  C) publicity
  D) packaging
  Show Answer
  The correct answer is B .
• Question 537: Selling goods in foreign countries at price below their marginal cost is? Options:
  A) dumping
  B) depreciation
  C) devaluation
  D) discounting
  Show Answer
  The correct answer is A .
• Question 538:

  Which of the following attracts only interest but leaves the capital unpaid?

  Options:
  A) uberrimae fidei
  B) subrogation
  C) contribution
  D) redeemable bond
  Show Answer
  The correct answer is D .
• Question 539: Stimulation of demand is a kind of communication in marketing which connotes? Options:
  A) personal selling
  B) sales promotion
  C) advertising
  D) merchandising
  Show Answer
  The correct answer is C .
• Question 540: When one person approves an act previously done by another in the former's name without authority, this is known as? Options:
  A) ratification
  B) estoppel
  C) illegality
  D) misrepresentation
  Show Answer
  The correct answer is B .