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 821: One of the determinants of choice of occupation is ______ Options:
  A) level of exposure
  B) resources control
  C) government policies
  D) peer group
  Show Answer
  The correct answer is D .
• Question 822: The controllable variables that a firm uses to achieve its marketing objectives are called? Options:
  A) marketing principles
  B) marketing mix
  C) marketing concepts
  D) marketing functions
  Show Answer
  The correct answer is C .
• Question 823: Which of the following best described the scope of commerce Options:
  A) All forms of commercial exchanges relating to industry
  B) Buying and selling and the construction industry
  C) All occupational exchanges relating to industries and commercial activities
  D) Buying and selling as well as the extraction of natural resources
  Show Answer
  The correct answer is C .
• Question 824: The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is Options:
  A) span of control
  B) unity of command
  C) scalar chain
  D) unity of direction
  Show Answer
  The correct answer is A .
• Question 825: Consumers require protection against exploitation to ensure? Options:
  A) adequate consumer awareness
  B) availability of products variety
  C) the sale of quality products
  D) increased aggregate demand
  Show Answer
  The correct answer is C .
• Question 826:

  In Nigeria, the ministry in charge of registering trade association is that of

  Options:
  A) Culture and tourism
  B) Finance
  C) Industries
  D) Commerce
  Show Answer
  The correct answer is D .
• Question 827: The person who undertakes any risk in insurance business is known as Options:
  A) a broker
  B) an underwriter
  C) an insurer
  D) an actuary
  Show Answer
  The correct answer is B .
• Question 828: The commercialization of public enterprises is aimed at? Options:
  A) increasing efficiency and making the enterprises self-sufficient
  B) advertising and promoting the goods and services of the enterprises
  C) increased assistance and patronage of the enterprises by the public
  D) selling the goods and services of the enterprises
  Show Answer
  The correct answer is A .
• Question 829: Nigerian Postal Services (NIPOST) facilitates commerce in all the following ways except through Options:
  A) cash on delivery service
  B) recorded delivery service
  C) express service
  D) free on board service
  Show Answer
  The correct answer is D .
• Question 830: Extractive industries may also be denominated as Options:
  A) direct industries
  B) servicing industries
  C) primary industries
  D) indirect industries
  Show Answer
  The correct answer is C .