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 131: What is the most important use of promotion in marketing? Options:
  A) Persuasion
  B) Conviction
  C) Information
  D) Education
  Show Answer
  The correct answer is C .
• Question 132: Which of the following is a limitation of division of labour? Options:
  A) Decline in craftmanship
  B) Monotony of work
  C) Reduction in output
  D) Reduction in labour force
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  The correct answer is D .
• Question 133: The three components of staffing are? Options:
  A) recruitment, interview and appointment
  B) recruitment, test and placement
  C) recruitment, selection and appointment
  D) recruitment, selection and placement
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  The correct answer is D .
• Question 134: An agency contract must involve? Options:
  A) a principal and a consumer
  B) a principal and a producer
  C) a principal and a third party
  D) a principal and an agent
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  The correct answer is D .
• Question 135: The right to retain possession of goods until the contract price is paid is referred to as Options:
  A) a promise
  B) ultra vires
  C) a breach
  D) a lien
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  The correct answer is D .
• Question 136: A distinction between Comprehensive insurance and Thrid party Insurance is that the latter covers damages Options:
  A) caused by the insured vehicle
  B) to the insured vehicle
  C) cause by the other vehicle
  D) to the driver of insured vehicle
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  The correct answer is A .
• Question 137:

  Departmentalization is an aspect of

  Options:
  A) directing
  B) organizing
  C) planning
  D) controlling
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  The correct answer is B .
• Question 138: Assurance is different from insurance in that the former is based on Options:
  A) probability
  B) possibility
  C) risk
  D) uncertainty
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  The correct answer is B .
• Question 139: If Mr. Bacus fulfills his promise, he will be entitled to a cash discount of? Options:
  A) N2,760
  B) N3,000
  C) 6,500
  D) 9,500
  Show Answer
  The correct answer is B .
• Question 140:

  A person engaged for the purpose of bringing his principal and a third party into a contractual relation is

  Options:
  A) an arbiter
  B) an auctioneer
  C) an agent
  D) a middlemen
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  The correct answer is C .