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 1811:

  A business unit in which savings of members are lent to others is a

  Options:
  A) consumer cooperative society
  B) producer cooperative society
  C) credit and thrift society
  D) wholesale cooperative society
  Show Answer
  The correct answer is C .
• Question 1812: The most suitable organizational structure for small or medium sized enterprises is Options:
  A) line structure
  B) staff structure
  C) committee structure
  D) functional structure
  Show Answer
  The correct answer is A .
• Question 1813: The difference between indemnity insurance and non-indemnity insurance is that the latter provides Options:
  A) cover for exporters against risks
  B) cover for importers against risks
  C) full payment to the insured
  D) consolation payment to the insured
  Show Answer
  The correct answer is D .
• Question 1814:

  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 1815: Which of the following can be used to differentiate skilled and unskilled labour? Options:
  A) Education and traning
  B) Available resources
  C) Level of commitment
  D) Salaries and wages
  Show Answer
  The correct answer is A .
• Question 1816:

  If a business uses part of its profit to develop the area where it operates, the business is fulfilling its

  Options:
  A) marketing responsibilities
  B) managerial responsibilities
  C) economic responsibilities
  D) social responsibilities
  Show Answer
  The correct answer is D .
• Question 1817:

  The difference between a chamber of commerce and a trade association is that the former

  Options:
  A) is not restricted to a particular industry
  B) is a branch of trade that sells product
  C) consists of members engaged in the same trade
  D) are association of individuals or firms
  Show Answer
  The correct answer is A .
• Question 1818: The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __ Options:
  A) Stroke
  B) Consumerism
  C) Picketing
  D) Demonstration
  Show Answer
  The correct answer is B .
• Question 1819:

  An example of a computer operating system is

  Options:
  A) the page maker
  B) windows 2000
  C) Microsoft word 2000
  D) the word perfect
  Show Answer
  The correct answer is B .
• Question 1820: The effective and efficient delivery of the desired satisfaction by a firm is said to be the practice of Options:
  A) Product concept
  B) Marketing concept
  C) Distribution concept
  D) Price concept
  Show Answer
  The correct answer is B .