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 1531: The founders ‘share are usually referred to as deferred shares because the holders? Options:
  A) are entitled to cumulative dividends
  B) receive theirdividends after other shareholders
  C) receive their diviends before shareholders
  D) are not entitled to any dividends
  Show Answer
  The correct answer is B .
• Question 1532: An activity that involves derivation of raw materials from land and sea is? Options:
  A) construction
  B) farming
  C) agriculture
  D) extraction
  Show Answer
  The correct answer is D .
• Question 1533:

  Use the information below to answer 38 and 39.

  Companies i, ii, iii and iv produce and sell electronic videos.

  Company i, sells video for N14,000 each and offers advice on how to fix and operate them .

  Company ii, sells at N14,000 and its representatives go to install at no additional cost.

  Company iii, sells at N15,500 and offers credit sales at N15,000 each.

  Which of these companies are more engaged in public activities?

  Options:
  A) i and ii
  B) i and iii
  C) ii and iv
  D) iii and iv
  Show Answer
  The correct answer is A .
• Question 1534:

  What are the factors with which commercial undertaking can be distinguish?

  I Size of the undertaking

  II Profits generated

  III Forms of ownership

  IV Location of the undertaking

  Options:
  A) I and II only
  B) I andIII only
  C) II and III only
  D) III and IV only
  Show Answer
  The correct answer is B .
• Question 1535: The measure of independence available to the individual business unit that come together is the main different between Options:
  A) veritcal and horizontal integration
  B) mergers and acquisition
  C) consortium and almalgamation
  D) trust and cartel
  Show Answer
  The correct answer is B .
• Question 1536: Ships that sail across the ocean and operate on scheduled time tables are? Options:
  A) ferries
  B) ocean liners
  C) tramp steamers
  D) coastal liners
  Show Answer
  The correct answer is B .
• Question 1537: The main frame of selling directly to the consumers by manufacturers is to? Options:
  A) reduce transportation cost
  B) make contact with individual consumers
  C) discourage the activities of middlemen
  D) maximize profit margin
  Show Answer
  The correct answer is C .
• Question 1538:

  A public company with an authorized capital of N60,000, issued N36,000 shares at 150k each.

  What is its capital?

  Options:
  A) N60,000
  B) N36,000
  C) N54,000
  D) N90,000
  Show Answer
  The correct answer is C .
• Question 1539: Which of the following best describes inputs for any production activity? Options:
  A) Natural resources
  B) Buessiness resources
  C) Human resources
  D) Material resources
  Show Answer
  The correct answer is A .
• Question 1540: Citizens are against privatization mainly because of? Options:
  A) the rationalization of organizations
  B) increased prices of goods and services
  C) the likelihood of monopoly
  D) ineffective management
  Show Answer
  The correct answer is B .