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 611: Under what management function would the motivation employees fall? Options:
  A) Staffing
  B) Controlling
  C) Organizing
  D) Directing
  Show Answer
  The correct answer is A .
• Question 612: The external environmental factors that affect a business cooperation are Options:
  A) Economic, Social and legal
  B) Political, Culture and Labour
  C) Competition, Labour and Political
  D) Competition, Industry and Product.
  Show Answer
  The correct answer is A .
• Question 613:

  A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

  Options:
  A) Prompt cash
  B) Cash on delivery
  C) Spot cash
  D) Cash with order
  Show Answer
  The correct answer is C .
• Question 614:

  The transmission of the telephone services from one country to another is facilitated by

  Options:
  A) international facility
  B) internet services
  C) interconnectivity
  D) communication satellite
  Show Answer
  The correct answer is D .
• Question 615:

  A cheque that could be cashed over the counter by the payee is

  Options:
  A) certified cheque
  B) crossed cheque
  C) open cheque
  D) bank draft
  Show Answer
  The correct answer is C .
• Question 616:

  An association formed by computer distributors to safeguard and promote their interest is a

  Options:
  A) chamber of commerce
  B) cooperative society
  C) trade association
  D) trade union
  Show Answer
  The correct answer is C .
• Question 617:

  Which of the following has power to order withdrawal of a particular food item from circulation?

  Options:
  A) Federal High Courts in Nigeria
  B) Standard Organization of Nigeria
  C) Local Government Health Inspectors
  D) Food and Drugs Department of the Federal Ministry of Health
  Show Answer
  The correct answer is C .
• Question 618:

  An author's exclusive right to his published and unpublished works is known as

  Options:
  A) constitutional right
  B) author's right
  C) copyright
  D) patent right
  Show Answer
  The correct answer is C .
• Question 619:

  

  Use the diagram above to answer this question

  X represents

  Options:
  A) action
  B) receiver
  C) transmission
  D) ideation
  Show Answer
  The correct answer is B .
• Question 620: Commerce is defined as the study of how Options:
  A) man utilizes the resources in his physical environment
  B) man produces, distributes and consumes his goods and services
  C) man buys, sells and distributes goods and services
  D) raw materials are changed into finished goods
  Show Answer
  The correct answer is B .