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 1581: Which of the following is used to inform the addressee that a registered parcel is ready for collection? Options:
  A) Express label
  B) Counterfoil
  C) Telegram
  D) Slip
  Show Answer
  The correct answer is D .
• Question 1582: The body which ensures that consumers are protected against harmful products in Nigeria is Options:
  A) NAFDAC
  B) NDLEA
  C) SON
  D) CPC
  Show Answer
  The correct answer is A .
• Question 1583: Intranet differs from extranet in that the former? Options:
  A) requires a modem before it could be used
  B) can generally be accessed by the public
  C) is restricted to employees of an organization
  D) requires internet protocols
  Show Answer
  The correct answer is A .
• Question 1584: The cheapest source of funds available to a company is through? Options:
  A) the sale of shares
  B) retained profits
  C) the sale of bonds
  D) lease financing
  Show Answer
  The correct answer is B .
• Question 1585: The role of customs and exercise authority includes the Options:
  A) control of the flow of goods in and out of the country
  B) control of security agents within and out of the borders
  C) provision of dockyards for ship repairs and maintenance
  D) provision of transport system to facilitate imports and exports
  Show Answer
  The correct answer is A .
• Question 1586:

  The major objective of corporate mergers is to?

  Options:
  A) minimize the effect of taxation
  B) increase financial advantage
  C) enhance economies of sale
  D) facilitate profit maximization
  Show Answer
  The correct answer is C .
• Question 1587: In the event of the liquidation of a company, the first to be settled are? Options:
  A) debenture holders
  B) members of the board
  C) preference shareholders
  D) ordinary shareholders
  Show Answer
  The correct answer is A .
• Question 1588: The forum for the selling and buying of securities of small and medium companies is called. Options:
  A) Securities and Exchange Commission
  B) Second tier Security Market
  C) Foreign exchange Market
  D) Second tier foreign Exchange market
  Show Answer
  The correct answer is B .
• Question 1589:

  Consumers could be encouraged to purchase a company's product through

  Options:
  A) research
  B) planning
  C) distribution
  D) advertisement
  Show Answer
  The correct answer is D .
• Question 1590: When one person approves an act previously done by another in the former's name without authority, this is known as? Options:
  A) ratification
  B) estoppel
  C) illegality
  D) misrepresentation
  Show Answer
  The correct answer is B .