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 1841: Resource committees into the production of relatively few commodities is known as Options:
  A) Production
  B) Specialization
  C) Creation manufacturing
  D) Manufacturing
  Show Answer
  The correct answer is B .
• Question 1842:

  All except one is not a corporation and boards at the federal level

  Options:
  A) FRCN
  B) NNPC
  C) CBN
  D) MAN
  Show Answer
  The correct answer is D .
• Question 1843: Production ends when goods and services ________ Options:
  A) reach the final consumer
  B) are used for manufacturing
  C) are packaged and labelled
  D) are sold to the middlemen
  Show Answer
  The correct answer is A .
• Question 1844: The process of converting a non-profit making organisation to a profit-making business is ________? Options:
  A) indigenisation
  B) privatisation
  C) deregulation
  D) commercialisation
  Show Answer
  The correct answer is B .
• Question 1845: The media media used for inter-departmental communication include? Options:
  A) circulars, advertisement and notice boards
  B) memoranda, circulars and the telephone
  C) memoranda, advertising and face-to-face
  D) momoranda, advertising and the grapevine
  Show Answer
  The correct answer is B .
• Question 1846:

  The marketing concept emphasizes

  Options:
  A) sales of goods directly to customers
  B) use of promotional tools to stimulate sale
  C) mass production of goods
  D) consumer's satisfaction at a profit
  Show Answer
  The correct answer is D .
• Question 1847: 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 1848: 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 1849:

  Use this information to answer the question below.

  Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution.

  Babalawee is ___________?

  Options:
  A) a claimant
  B) a manager
  C) an assessor
  D) a reciever
  Show Answer
  The correct answer is D .
• Question 1850:

  Which of the following regulates and controls the activities in the Nigerian Stock Exchange?

  Options:
  A) CBN
  B) BPE
  C) SEC
  D) NDIC
  Show Answer
  The correct answer is C .