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 1171: A document sent by a broker to his client to confirm a purchase of sale made on his behalf is Options:
  A) delivery note
  B) consignment note
  C) transfer form
  D) contract note
  Show Answer
  The correct answer is D .
• Question 1172: An ancillary to trade which promotes socio - cultural development all over the world is Options:
  A) transportation
  B) communication
  C) tourism
  D) insurance
  Show Answer
  The correct answer is C .
• Question 1173:

  The instruments of credit include

  Options:
  A) billboards and postal stamps
  B) payment vouchers and statement of account
  C) bills of exchange and salary voucher
  D) bills of exchange and promissory notes
  Show Answer
  The correct answer is D .
• Question 1174: The media media used for inter-departmental communication include? Options:
  A) circulars, advertisement and notice boards
  B) memoranda, circulars and the telephone
  C) memoranda, advertising and face-to-face
  D) momoranda, advertising and the grapevine
  Show Answer
  The correct answer is B .
• Question 1175: Under what management function would the motivation employees fall? Options:
  A) Staffing
  B) Controlling
  C) Organizing
  D) Directing
  Show Answer
  The correct answer is A .
• Question 1176:

  The principle of span of control stipulates that?

  Options:
  A) The number of employees reporting to one superior should be kept to a workable maximum
  B) An employee should report to only one superior
  C) Managers must demand accountability from their subordinates
  D) Resources have to be economized within the various divisions
  Show Answer
  The correct answer is A .
• Question 1177:

  A feature of supermarkets which distinguishes it from other large scale retail outlets is that items sold are

  Options:
  A) mainly household goods
  B) mainly industrial goods
  C) delivered by post
  D) one line of products
  Show Answer
  The correct answer is A .
• Question 1178: A wholesaler dealer in securities is known as a Options:
  A) stockborker
  B) speculator
  C) jobber
  D) stag
  Show Answer
  The correct answer is C .
• Question 1179:

  Use this information to answer the question below.

  Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution.

  Babalawee is ___________?

  Options:
  A) a claimant
  B) a manager
  C) an assessor
  D) a reciever
  Show Answer
  The correct answer is D .
• Question 1180:

  I. Its unlimited nature
  II. The number of partners
  III. The withdrawal of a major of partner
  IV. The bearing of risk

  Which of these is both merit and demerit in partnership?

  Options:
  A) III and IV
  B) I only
  C) II only
  D) I and II
  Show Answer
  The correct answer is C .