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 1451:

  One disadvantages of advertising is that it

  Options:
  A) could be misleading
  B) decreases sales
  C) reduces profit
  D) causes over stocking
  Show Answer
  The correct answer is A .
• Question 1452: Recognized members of the Stock Exchange who buy and sell securities on their own behalf are known as ? Options:
  A) bulls
  B) jobbers
  C) brokers
  D) stags
  Show Answer
  The correct answer is B .
• Question 1453:

  Sudden technological changes can have the effect of making?

  Options:
  A) a company's management style ineffective
  B) a company's product obsolete
  C) the control mechanism difficult to implement
  D) the motivational factors in the company difficult to monitor
  Show Answer
  The correct answer is B .
• Question 1454: Entrepreneurship mainly involves? Options:
  A) risk-taking
  B) initiating
  C) skilled manpower
  D) knowledge
  Show Answer
  The correct answer is A .
• Question 1455:

  A retail store that sells a single product from a particular manufacturer is a

  Options:
  A) tied shop
  B) shopping mail
  C) hypermarket
  D) chain store
  Show Answer
  The correct answer is D .
• Question 1456: In Nigeria, the body ensures that its members operate according to their professional ethics is the? Options:
  A) SON
  B) NPF
  C) MAN
  D) NAFDAC
  Show Answer
  The correct answer is A .
• Question 1457: An aspect of commerce that facilitates the distribution of products is? Options:
  A) transportation
  B) advertising
  C) branding
  D) trading
  Show Answer
  The correct answer is A .
• Question 1458:

  A group of sellers who pool their resources to buy goods in large quantities and sell to its members is a

  Options:
  A) wholesaler cooperative society
  B) thrift and credit society
  C) consumer cooperative society
  D) chamber of commerce
  Show Answer
  The correct answer is A .
• Question 1459: An agent who takes tittle to goods and has authority to buy and sell on behalf of another is? Options:
  A) a jobber
  B) a broker
  C) a factor
  D) an auctioneer
  Show Answer
  The correct answer is C .
• Question 1460: Sources of finance to a business include personal savings, share, debentures and? Options:
  A) loans from IMF
  B) bank overdraft
  C) central bank loans
  D) money from political parties
  Show Answer
  The correct answer is B .