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 561: A machine which enables sales without the physical presence of sales attendant is a Options:
  A) Telex Machine
  B) Fax Machine
  C) Vending Machine
  D) Computer machine
  Show Answer
  The correct answer is C .
• Question 562: 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 563:

  One of the factors which critically determines the choice of occupation is?

  Options:
  A) training
  B) skill
  C) aptitude
  D) interest
  Show Answer
  The correct answer is B .
• Question 564: Ordianry warehouse is usually owned and used by Options:
  A) government
  B) agents
  C) retailers
  D) wholesalers
  Show Answer
  The correct answer is D .
• Question 565:

  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 566: The evolution of commerce in Nigeria is traceable to the? Options:
  A) period of barter economy as human needs became limitless
  B) desire by human beings to satify their needs through the services of other people inthe society
  C) development of human civlizations and the desire to meet their needs
  D) primitive stage of existence of human beings
  Show Answer
  The correct answer is B .
• Question 567: If a business uses part of its profit to develop the area where it operates, the business is fulfilling its ______ Options:
  A) economic responsibilities
  B) marketing responsibilities
  C) social responsibilities
  D) managerial responsibilities
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  The correct answer is C .
• Question 568: Computers that process all data as binary zeros and ones are Options:
  A) analog computers
  B) digital computers
  C) hybrid computers
  D) desktop computers
  Show Answer
  The correct answer is B .
• Question 569:

  The document with which a manufacturing enterprises releases stock of raw materials to the factory for product is called?

  Options:
  A) stock releases form
  B) goods received note
  C) stock issues voucher
  D) materials release note
  Show Answer
  The correct answer is C .
• Question 570: Tourism serves the purpose of Options:
  A) cross-cultural understanding and peaceful interaction
  B) opening values for leaving the country
  C) economic development and naturilization
  D) exploiting the country's natural endowment
  Show Answer
  The correct answer is D .