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:

  

  What is the net working capital ?

  Options:
  A) ₦6 000 000
  B) ₦16 000 000
  C) ₦11 000 000
  D) ₦25 000 000
  Show Answer
  The correct answer is D .
• Question 562: A new company requiring a large amount of equity finance may source funds from the? Options:
  A) capital market
  B) central bank
  C) money market
  D) commercial banks
  Show Answer
  The correct answer is D .
• Question 563: The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through? Options:
  A) public relations
  B) advertising
  C) sales promotion
  D) rebranding
  Show Answer
  The correct answer is A .
• Question 564: The most important reason for the existence of insurance business is to? Options:
  A) prevent the occurrence of any loss
  B) spread losses to all covered participants
  C) provide for the replacement of facilities
  D) encourage individuals to save
  Show Answer
  The correct answer is B .
• Question 565:

  The difference between a country's imports and exports of goods in a particular year is

  Options:
  A) terms of trade
  B) terms of payment
  C) balance of payment
  D) balance of trade
  Show Answer
  The correct answer is C .
• Question 566:
  

  Use the information above to answer the question below.

  What is the owners' equity?

  Options:
  A) N 250 000
  B) N 300 000
  C) N 420 000
  D) N 200 000
  Show Answer
  The correct answer is A .
• Question 567:

  A conter offer is an offer that is

  Options:
  A) different from the original offer
  B) breached
  C) different in terms of acceptance
  D) extended to several people at once
  Show Answer
  The correct answer is A .
• Question 568:

  A number of shipping lines operating on a certain route, which agree on a common policy regarding the conditions under which goods are to be carried

  Options:
  A) Cartel
  B) Conference
  C) Syndicate
  D) Trust
  Show Answer
  The correct answer is B .
• Question 569: The sole legal right held by the author to publish his book is Options:
  A) trademark
  B) copyright
  C) patent right
  D) bookmark
  Show Answer
  The correct answer is B .
• Question 570: In a public limited liability company, planning is carried out by? Options:
  A) the chairman of the board
  B) the board of directors
  C) shareholders
  D) employees
  Show Answer
  The correct answer is B .