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 151: The marketing approach by which a firm carries out detailed analysis of itself, the consumers and its competitors is known as? Options:
  A) market analysis
  B) marketing mix analysis
  C) marketing opportunities analysis
  D) market survey
  Show Answer
  The correct answer is D .
• Question 152: The central working system of a computer used for data processing is the? Options:
  A) memory unit
  B) monitor
  C) floppy disk drive
  D) hard drive
  Show Answer
  The correct answer is B .
• Question 153:

  A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is the

  Options:
  A) pre-emptive right
  B) over-subscription right
  C) ex-dividend right
  D) shareholders right
  Show Answer
  The correct answer is A .
• Question 154: The significance of money to modern economic system is that it? Options:
  A) is used as a means of payment
  B) promotes specialization and exchange
  C) measures value and promotes exchange
  D) causes inflation in the economy
  Show Answer
  The correct answer is C .
• Question 155: 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 156: The unit through which result of a processed data are displayed is the? Options:
  A) logic unit
  B) display unit
  C) control unit
  D) output unit
  Show Answer
  The correct answer is D .
• Question 157: In which of the following circumstances is a court order NOT necessary for the winding up of a company? Options:
  A) supension of businesss for one year
  B) special resolution of members
  C) reduction in the number of members below the legal minimum
  D) inability to pay it debts
  Show Answer
  The correct answer is B .
• Question 158: Ordianry warehouse is usually owned and used by Options:
  A) government
  B) agents
  C) retailers
  D) wholesalers
  Show Answer
  The correct answer is D .
• Question 159:

  Which of the following is a verbal means of communication

  Options:
  A) express mail
  B) telephone
  C) telex
  D) business reply services
  Show Answer
  The correct answer is B .
• Question 160: The external environmental factors that affect a business cooperation are Options:
  A) Economic, Social and legal
  B) Political, Culture and Labour
  C) Competition, Labour and Political
  D) Competition, Industry and Product.
  Show Answer
  The correct answer is A .