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 851: An announcement of a person's willingness to enter into a contract is referred to as? Options:
  A) a proxy
  B) an offer
  C) a consideration
  D) an acceptance
  Show Answer
  The correct answer is B .
• Question 852: A company that is registered with the corporate Affairs Commission only without being enlisted on the Stock Exchange is a? Options:
  A) public liability company
  B) joint venture company
  C) limited company
  D) registered company
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  The correct answer is D .
• Question 853: The managerial ability of a supervisor in an organization may be underutilized if the? Options:
  A) morale of the supervisedis high
  B) span of control is wide
  C) span of control is narrow
  D) morale of thr supervisor is low
  Show Answer
  The correct answer is C .
• Question 854: Authorized share capital is also known as? Options:
  A) called-up share capital
  B) paid-up share
  C) registered share capital
  D) issued share capital
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  The correct answer is C .
• Question 855: An essential factor for evaluating the different sources of funds for a business is the? Options:
  A) decree establishing the business
  B) ownership structure of the business concern
  C) size and the type of the business
  D) burden of cost and repayment
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  The correct answer is B .
• Question 856:

  The business organisation in which shareholders have equal votes is?

  Options:
  A) sole proprietorship
  B) partnership
  C) cooperative
  D) limited liability company
  Show Answer
  The correct answer is C .
• Question 857:

  

  From the diagram above, what does I stand for?

  Options:
  A) Aids to trade
  B) Publicity
  C) Home trade
  D) Advertising
  Show Answer
  The correct answer is A .
• Question 858: The type of advertising that seeks to persuade consumers to buy a particular product is Options:
  A) Informative advertising
  B) Competitive advertising
  C) Persuasive advertising
  D) mass and specific advertising
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  The correct answer is C .
• Question 859: A predominant make-up language for web pages is the? Options:
  A) IP
  B) HTTP
  C) HTML
  D) TCP
  Show Answer
  The correct answer is B .
• Question 860: The practice by which an insurance company accepts a very large risk and later shares it with other insurance companies is called Options:
  A) subrogation
  B) contribution
  C) re-insurance
  D) indemnity
  Show Answer
  The correct answer is C .