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 691:

  The main objective of corporate mergers is to?

  Options:
  A) minimize the effect of taxation
  B) increase financial advantage
  C) facilitate profit maximization
  D) enhance economies of scale
  Show Answer
  The correct answer is D .
• Question 692: The process of mobilizing, engaging and maintaining workers to work for an organization is referred to as? Options:
  A) staffing
  B) selection
  C) recruitment
  D) employment
  Show Answer
  The correct answer is A .
• Question 693: A term which indicates that share is temporarily suspended is Options:
  A) ex-dividend
  B) cum-dividend
  C) bond
  D) stock
  Show Answer
  The correct answer is A .
• Question 694: The process whereby a firm directs its marketing efforts towards a single market by the use of a particular marketing mix isreferred to as Options:
  A) concentration segmentation
  B) market concept
  C) consumer orientation
  D) market penetration
  Show Answer
  The correct answer is D .
• Question 695:

  A partnership may be automatically dissolved due to the following factors except________

  Options:
  A) Court verdict
  B) Joint decision
  C) Admission of new partners
  D) Bankruptcy of a partner
  Show Answer
  The correct answer is C .
• Question 696: An aspect of commerce that facilitates the distribution of products is? Options:
  A) transportation
  B) advertising
  C) branding
  D) trading
  Show Answer
  The correct answer is A .
• Question 697: An agency contract must involve? Options:
  A) a principal and a consumer
  B) a principal and a producer
  C) a principal and a third party
  D) a principal and an agent
  Show Answer
  The correct answer is D .
• Question 698: Money is generally accepted for transactions due to Options:
  A) the legal backing
  B) the rule of law
  C) its acceptability in the global market
  D) the Central Bank Governor's signature
  Show Answer
  The correct answer is A .
• Question 699: The scope of economic activities can be enlarged by Options:
  A) transportation and trading
  B) business and its promotion
  C) trading and aids to trade
  D) insurance and banking
  Show Answer
  The correct answer is C .
• Question 700: The rate at which a country's exports exchange for its imports is called Options:
  A) balance of payments
  B) balance of trade
  C) terms of payment
  D) terms of trade
  Show Answer
  The correct answer is D .