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 661: When a business enterprise provides free service to its environment, the service is said to be a Options:
  A) civic responsibility
  B) philanthropic consideration
  C) social responsibility
  D) political consideration
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  The correct answer is C .
• Question 662: Digital computer is divided into? Options:
  A) analogue, hybrid and mini
  B) super, maniframe, mini and micro
  C) mainframe, hybrid and micro
  D) super, mainframe, micro and analogue
  Show Answer
  The correct answer is A .
• Question 663: Insurance against burglary is an example of Options:
  A) indemnity insurance
  B) fidelity guarantee insurance
  C) non-insurable risk
  D) non-indemnity insurance
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  The correct answer is A .
• Question 664: The label on a product such as 'pampers' is atype of? Options:
  A) trademark
  B) branding
  C) packaging
  D) patent right
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  The correct answer is A .
• Question 665: The quality of money that describe its uniformity is Options:
  A) recognizability
  B) durability
  C) portability
  D) homogeneity
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  The correct answer is D .
• Question 666: 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
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  The correct answer is B .
• Question 667: The input, output and central processing units are the basic components of a computer's? Options:
  A) memory
  B) printer
  C) hardware
  D) software
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  The correct answer is C .
• Question 668: The balance of payments of countries is Options:
  A) a record of imports and export
  B) a systematic record of transaction among countries at a given time
  C) the current and the capital accounts and their payments
  D) the trade relationships and payment among nations
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  The correct answer is A .
• Question 669:

  The excess of the assets over the liabilities of a business is called

  Options:
  A) capital employed
  B) net worth
  C) working capital
  D) initial capital
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  The correct answer is B .
• Question 670: The production of goods and services in anticipation of demand is made possible by _______ Options:
  A) packaging
  B) warehousing
  C) branding
  D) advertising
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  The correct answer is B .