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 541: The main requirement for admission to the second-tier securities markets is the? Options:
  A) provision of a three-year trading record
  B) disclosure of all trading activities
  C) creation of a good atmosphere for growth and development
  D) guranteeing dividends to shareholders
  Show Answer
  The correct answer is B .
• Question 542:

  

  The capital employed is

  Options:
  A) ₦1,000
  B) ₦1,370
  C) ₦140
  D) ₦50
  Show Answer
  The correct answer is A .
• Question 543: Which of the following best describes inputs for any production activity? Options:
  A) Natural resources
  B) Buessiness resources
  C) Human resources
  D) Material resources
  Show Answer
  The correct answer is A .
• Question 544: Good and services are made available to consumers through Options:
  A) the channnel of distribution
  B) sales promotion
  C) the advertising agency
  D) the middle men
  Show Answer
  The correct answer is A .
• Question 545:

  A discount deducted from the invoice price of goods to enable the retailer to make profit

  Options:
  A) cash discount
  B) functional discount
  C) trade discount
  D) seasonal discount
  Show Answer
  The correct answer is A .
• Question 546:

  A public limited liability company having a nominal capital made up of 200 000 ordinary shares of 50k each decided to issued 50% of it to the public.

  What is the authorized capital?

  Options:
  A) N40 000
  B) N50 000
  C) 100 000
  D) 200 000
  Show Answer
  The correct answer is B .
• Question 547:

  An arrangement by independent firms to share the market of their products on quota basics Is referred to as

  Options:
  A) Cartel
  B) Syndicate
  C) Trust
  D) Integration
  Show Answer
  The correct answer is A .
• Question 548: Sudden technology changes can have the effect of making Options:
  A) a company's management style ineffective
  B) a company's product obsolete
  C) the control menchanism difficult to implement
  D) the motivational factors in the company difficult to monitor
  Show Answer
  The correct answer is B .
• Question 549: A worker who process rice is engaged in? Options:
  A) constructive activity
  B) comercial activity
  C) extractive activity
  D) manufactural activity
  Show Answer
  The correct answer is D .
• Question 550:

  The following development of money have therefore been the use of, except______

  Options:
  A) Coins
  B) Inconvertible paper money
  C) Commodities
  D) Abacus
  Show Answer
  The correct answer is D .