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 651:

  A contract will not be discharge through

  Options:
  A) acceptance
  B) agreement
  C) breach
  D) performance
  Show Answer
  The correct answer is A .
• Question 652: Debentures differ from shares in that Options:
  A) they are secured on the company's assets
  B) ownership is open to the public
  C) they form part of the capital of the business
  D) rewards are usually paid out of profits
  Show Answer
  The correct answer is A .
• Question 653: The physical and psychological satisfaction a customer derives from the purchase of goods and services is Options:
  A) price mix
  B) product mix
  C) marketing mix
  D) promotion mix
  Show Answer
  The correct answer is C .
• Question 654: The development of commercial activate in Nigeria was harnessed by Options:
  A) A good storage system
  B) Availability of market
  C) Increase in production
  D) Activities
  Show Answer
  The correct answer is A .
• Question 655: A document which advertise the shares of a company is known as a? Options:
  A) memorandum of satisfaction
  B) dividend warrant
  C) deed
  D) prospectus
  Show Answer
  The correct answer is D .
• Question 656: Which of the following is classified as an immaterial want? Options:
  A) Protection
  B) Raw materials
  C) Machines
  D) Goods and Services
  Show Answer
  The correct answer is A .
• Question 657: Freight note is a document Options:
  A) used by government to transport goods from one country to another
  B) issued by a shipping company giving details of charges
  C) used for payment for imported goods
  D) given by an importer to pay for goods at a future period
  Show Answer
  The correct answer is B .
• Question 658: One of the implications of the incorporation of a company is that Options:
  A) it is more difficult for the company to raise loans
  B) the company can sue but cannot be sued
  C) the company's property becomes distinguished from that of its members
  D) its members become liable for all the debts of the company
  Show Answer
  The correct answer is C .
• Question 659: Warehousing is important to manufacturers because it helps to? Options:
  A) improve the quality of goods
  B) produce goods in advance
  C) meet the demand of customers
  D) determine input rquirements
  Show Answer
  The correct answer is B .
• Question 660: The most essential element of a product is the Options:
  A) price
  B) utility
  C) design
  D) colour
  Show Answer
  The correct answer is B .