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 681: The legal aspect of business is designed to Options:
  A) protect business organization and consumers
  B) safeguard consumers from undue business practices
  C) protect infant industries from collapse
  D) encourage free exchanges among businesses
  Show Answer
  The correct answer is A .
• Question 682: The necessary documents used in foreign trade are? Options:
  A) bill of lading, invoice and letter of inqiry
  B) indent, bill of exchange, bill of lading and voice
  C) voice, shipping note, bill of lading and freight note
  D) shipping note, certificate of origin and visible exports
  Show Answer
  The correct answer is C .
• Question 683: The lumbering of trees by a furniture company is an example of Options:
  A) primary production
  B) secondary production
  C) tertiary production
  D) direct production
  Show Answer
  The correct answer is A .
• Question 684: Entrusting the management of a company to the courts to enable the settlement of the company’s obligations is an indication of? Options:
  A) distress
  B) closure
  C) bankruptcy
  D) liquidation
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  The correct answer is C .
• Question 685:

  Which of these is not a merit of division of labour

  Options:
  A) results in specialization
  B) brings about an element of automation
  C) Training in new jobs is facilitated
  D) Creates monotony in the worktask
  Show Answer
  The correct answer is D .
• Question 686:

  All but one is not an output devices?

  Options:
  A) Joystick
  B) Monitor
  C) Plotter
  D) Printer
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  The correct answer is A .
• Question 687:

  A debenture holder is entitled to

  Options:
  A) Dividend
  B) Interest
  C) commission
  D) Profit
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  The correct answer is B .
• Question 688:

  The management function that makes the difference in intensity of behavior is

  Options:
  A) controlling
  B) motivation
  C) coordinating
  D) planning
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  The correct answer is B .
• Question 689:

  The main objective of a trade association can best be described as promoting and protecting ? 

  Options:
  A) the product
  B) common interest
  C) the market
  D) customer's interest
  Show Answer
  The correct answer is B .
• Question 690: Quantity discount is offerred mainly to persuade the buyer to Options:
  A) defer payment
  B) make prompt purchases
  C) make advance payment
  D) purchase more
  Show Answer
  The correct answer is B .