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 881: The development of a continer and a graphic design for a product is called? Options:
  A) packaging
  B) promotion
  C) processing
  D) production
  Show Answer
  The correct answer is A .
• Question 882: To make a simple contract valid, the intention must be? Options:
  A) legal and written
  B) legal and binding
  C) legal and attractive
  D) legal and harmonious
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  The correct answer is B .
• Question 883:

  When does the buyer in a hire purchase becomes the owner of the goods?

  Options:
  A) When all installments have been fully paid
  B) After payment of the first installment
  C) Before the payment of the first installment
  D) When half of the purchased price has been paid
  Show Answer
  The correct answer is A .
• Question 884: An important principle of a good organization structure is Options:
  A) ideal standard
  B) span control
  C) clarity of mission
  D) adequacy resources
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  The correct answer is B .
• Question 885:

  Sea vessels that do not operate on regular times and routes are

  Options:
  A) tramps
  B) ocean liners
  C) container ships
  D) ferries
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  The correct answer is B .
• Question 886:

  When a vendor supplies news papers from house to house and across the streets, the element of marketing mix involved is? 

  Options:
  A) product
  B) price
  C) promoting
  D) place
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  The correct answer is D .
• Question 887: A distinguishing characteristic of labour is that it is Options:
  A) constant
  B) expensive
  C) mobile
  D) cost
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  The correct answer is C .
• Question 888: The major problem encountered in international trade is that of Options:
  A) distance
  B) differences in culture
  C) politics
  D) differences in currency
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  The correct answer is D .
• Question 889: The business in the stock exchange is characterized essentially by Options:
  A) dealing
  B) brokerage
  C) speculations
  D) transactions
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  The correct answer is A .
• Question 890:

  A conter offer is an offer that is

  Options:
  A) different from the original offer
  B) breached
  C) different in terms of acceptance
  D) extended to several people at once
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  The correct answer is A .