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 621: Musa obtains wool from his sheep, spins and transform it into cloth which he sells to consumers, this is a form of Options:
  A) Vertical integration
  B) Horizontal integration
  C) Forward Integration
  D) Background integration
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  The correct answer is A .
• Question 622: When an employee incurs expenses while executing his normal duty, the employer is responsible for his? Options:
  A) safety
  B) family's security
  C) family's welfare
  D) ìdemnification
  Show Answer
  The correct answer is D .
• Question 623: A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a? Options:
  A) joint partnership
  B) cooperative
  C) corperation
  D) joint venture
  Show Answer
  The correct answer is A .
• Question 624: The major components of modern retailing include? Options:
  A) branding, doorstep selling and customer stimulation
  B) branding, sales promotion and mail order
  C) chain store, customer stimulating and doorstep selling
  D) branding, supermarkets and after sales-service
  Show Answer
  The correct answer is D .
• Question 625: Goods are of merchantable quality if they? Options:
  A) conform to description
  B) are of equal weight
  C) are of the same quality
  D) conform to buyers' purpose
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  The correct answer is A .
• Question 626: One of the advantages of commercialization is that it? Options:
  A) encourages entrepreneuership
  B) increases the salaries of workers
  C) motivates governement to establish more business
  D) gives wortkers on-the-job training
  Show Answer
  The correct answer is A .
• Question 627: The major dealers on the stock market are the? Options:
  A) agents
  B) jobbers
  C) investors
  D) brokers
  Show Answer
  The correct answer is D .
• Question 628: Cooperation and friendliness are enhanced among nations through interdependence necessitated by Options:
  A) tourism
  B) commerce
  C) agriculture
  D) socio-cultural activities
  Show Answer
  The correct answer is B .
• Question 629: The members of ECOWAS include? Options:
  A) Nigeria, Chad, Gabon and Cape Verde
  B) Burkina Faso, Nigeria and Ghana
  C) Guinea, Mali, Cameroun and Nigeria
  D) Togo, Niger, Nigeria and Ghana
  Show Answer
  The correct answer is D .
• Question 630:

  A memory that can be read and write and is volatile is known as

  Options:
  A) RAM
  B) ROM
  C) EPROM
  D) EPPROM
  Show Answer
  The correct answer is A .