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 751:

  Sudden technological changes can have the effect of making?

  Options:
  A) a company's management style ineffective
  B) a company's product obsolete
  C) the control mechanism difficult to implement
  D) the motivational factors in the company difficult to monitor
  Show Answer
  The correct answer is B .
• Question 752:

  Services rendered to the public is provided by

  Options:
  A) domestic servants
  B) civil servants
  C) government
  D) professionals
  Show Answer
  The correct answer is B .
• Question 753: The slogan, a wonderful world, used by a communication network is a form of? Options:
  A) product differentiation
  B) persuasive advertising
  C) publicity
  D) packaging
  Show Answer
  The correct answer is B .
• Question 754: Non-insurable risk include? Options:
  A) gambling
  B) damage to property
  C) death
  D) marine problems
  Show Answer
  The correct answer is A .
• Question 755: The economic environment of a business is concerned with? Options:
  A) climate conditions
  B) changing values
  C) the growth rate
  D) the interest rate
  Show Answer
  The correct answer is C .
• Question 756: A contract that is acknowledged before the law court is referred to as Options:
  A) informal contract
  B) formal contract
  C) contract of records
  D) specialty contract
  Show Answer
  The correct answer is C .
• Question 757: The buying and selling of goods and services is referred to as Options:
  A) trading
  B) marketing
  C) insurance
  D) advertising
  Show Answer
  The correct answer is A .
• Question 758:

  A two-way process which involves sending and receiving of messages is referred to as__________

  Options:
  A) Advertisement
  B) Communication
  C) Marketing
  D) Transportation
  Show Answer
  The correct answer is B .
• Question 759: Which of the following is a development bank in Nigeria? Options:
  A) Union Bank Plc
  B) First Bank Plc
  C) First City Monument Bank
  D) Federal Mortgage Bank
  Show Answer
  The correct answer is D .
• Question 760: A credit instrument which also serves as a legal tender is? Options:
  A) chegue
  B) paper money
  C) voucher
  D) money order
  Show Answer
  The correct answer is B .