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: The bulls and bears in the Stock Exchange market help to minimize Options:
  A) the number of shares and bonds sold
  B) price increases of securities
  C) fluctuations in the prices os securities
  D) the elasticity of the prices of securities
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  The correct answer is C .
• Question 822: A public limited company can raise long-term loans through Options:
  A) the capital market
  B) the money market
  C) bank overdrafts
  D) discount houses
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  The correct answer is A .
• Question 823: In the case of a voluntary liquidation of a business the receivers is appointed by the by the Options:
  A) creditors
  B) debtors
  C) directors
  D) shareholders
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  The correct answer is A .
• Question 824: The availability of goods and services is brought to the notice of customers through? Options:
  A) personal selling
  B) public relations
  C) the telephone
  D) advertising
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  The correct answer is D .
• Question 825:

  A cheque that is payable to whoever presents it is known as______

  Options:
  A) order cheque
  B) open cheque
  C) crossed cheque
  D) bearer cheque
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  The correct answer is D .
• Question 826: The allocation of tasks to different skills in a production process is referred to as Options:
  A) production technique
  B) production function
  C) division of labour
  D) delegation of responsibility
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  The correct answer is C .
• Question 827:

  The central working system of a computer used for data processing is the

  Options:
  A) monitor
  B) floppy disk drive
  C) hard drive
  D) memory unit
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  The correct answer is D .
• Question 828:

  The policy used when contracts are awarded as a result of tender is________

  Options:
  A) market penetration
  B) market skimming
  C) Bid Pricing
  D) Product Line Pricing
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  The correct answer is C .
• Question 829: The major responsibility of an entrepreneur is? Options:
  A) Employing all factors of production in the business
  B) coordinating and determining the proportion of what to produce
  C) planning and organizing all activities in the business
  D) directing and controlling all the affairs of the business
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  The correct answer is A .
• Question 830: Under normal circumstances, a business enterprise can be ideally structured Options:
  A) by product, function or territories
  B) around the personalities in the enterprise
  C) on the ruling of the management
  D) on the basis of an order from stockholders
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  The correct answer is A .