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 1131:

  One of the disadvantages of rail transport is

  Options:
  A) It is not flexible
  B) It carries bulky goods
  C) It works at intervals
  D) Cost of transportation is high
  Show Answer
  The correct answer is A .
• Question 1132:

  A company which issues a promissory note in lieu of payment for goods purchased

  Options:
  A) Is not bound to renew the note before payment
  B) Can return the goods purchased and refuse to pay
  C) Can refuse to pay on due date since it is only a promise
  D) Is bound to redeem the note for cash on due date
  Show Answer
  The correct answer is D .
• Question 1133: A business partner who provides capital but abstains from participation in administration of a firm is a Options:
  A) general partner
  B) nominal partner
  C) secret partner
  D) dormant partner
  Show Answer
  The correct answer is D .
• Question 1134: The activities aimed at finding out customers' needs and satisfaction can be described as? Options:
  A) social-marketing
  B) macro-marketing
  C) micro-marketing
  D) conceptual marketing
  Show Answer
  The correct answer is D .
• Question 1135: The setting of objectives for an organization and determining how to accomplish them is? Options:
  A) social responsibility
  B) planning
  C) organizing
  D) decision-making
  Show Answer
  The correct answer is B .
• Question 1136:

  The provision of services is classified under

  Options:
  A) batch production
  B) flow production
  C) secondary production
  D) tertiary production
  Show Answer
  The correct answer is D .
• Question 1137:

  All activities that contribute towards making goods and services available to the people are

  Options:
  A) Economic activities
  B) Political activities
  C) Productive activities
  D) Business activities
  Show Answer
  The correct answer is C .
• Question 1138:

  Which of the following is a verbal means of communication

  Options:
  A) Telephone
  B) Express mail
  C) Business reply services
  D) Telex
  Show Answer
  The correct answer is A .
• Question 1139: Personal selling is used for the purpose of? Options:
  A) establishing the company
  B) providing information
  C) creating product awareness
  D) given financial assistance
  Show Answer
  The correct answer is C .
• Question 1140: An artificial barrier to international trade is? Options:
  A) political unrest
  B) culture of the people
  C) units of measurement
  D) custom duties
  Show Answer
  The correct answer is D .