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 1181: Which Commerce Question Paper is given to you? Options:
  A) Type A
  B) Type B
  C) Type C
  D) Type D
  Show Answer
  The correct answer is B .
• Question 1182: In Nigeria, the main source of pollution is? Options:
  A) domestic waste
  B) oganic waste
  C) gas flaring
  D) industral waste
  Show Answer
  The correct answer is D .
• Question 1183: Which of the following is a matter of personal preference on the part of a superior officer? Options:
  A) Unity of command
  B) Span of control
  C) Delegation of anthority
  D) Unity of direction
  Show Answer
  The correct answer is C .
• Question 1184: The major function of a trade association is that it? Options:
  A) liases with foreign trade associations
  B) helps to promotes foreign trade
  C) facilitates members' access to credit facilities
  D) helps to promote resarch on behalf of members
  Show Answer
  The correct answer is D .
• Question 1185: The major objective of corporate mergers is to Options:
  A) minimize the effects of taxation
  B) increase financial advantage
  C) faclitate profit maximization
  D) enhance economies of scale
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  The correct answer is D .
• Question 1186: A written agreement for hiring a ship for transporting goods is a? Options:
  A) consular invoice
  B) bill of lading
  C) charter party
  D) certificate of origin
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  The correct answer is C .
• Question 1187: An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a Options:
  A) cartel
  B) syndicate
  C) Chamber of Commerce
  D) Nigeria Bar Association
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  The correct answer is C .
• Question 1188: A type of long-term loan granted to companies with fixed interest rate as well as with redeemable and irredeemable features is referred to as projects. Options:
  A) debenture
  B) a bond
  C) a term loan
  D) an overdraft
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  The correct answer is A .
• Question 1189: In a staff-authority relationship, the opinion of a specialist in one department to another is Options:
  A) a directive
  B) an advice
  C) a command
  D) a delegation
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  The correct answer is B .
• Question 1190: Which of the following takes place when firms producing at different stages in the same industry combine? Options:
  A) conglomeration
  B) vertical integration
  C) horizontal integration
  D) cartel
  Show Answer
  The correct answer is B .