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 1931: Consumers require protection against exploitation to ensure? Options:
  A) adequate consumer awareness
  B) availability of products variety
  C) the sale of quality products
  D) increased aggregate demand
  Show Answer
  The correct answer is C .
• Question 1932: One major characteristic of credit unions and thrift societies is that? Options:
  A) the legal processes involved in their formation are rigid
  B) membership is compulsory to people in the same line of business
  C) the contribution of every member depends on the member's ability
  D) a minimum of ten people in the same line of business can form the union
  Show Answer
  The correct answer is C .
• Question 1933: The elimination of fault in a computer programme is called? Options:
  A) console
  B) debug
  C) dump
  D) loop
  Show Answer
  The correct answer is B .
• Question 1934:

  A document which entitles its holder to the gods named on it, which is stored in a specific warehouse is called________

  Options:
  A) Debit note
  B) Credit note
  C) Warrant
  D) Shipping note
  Show Answer
  The correct answer is C .
• Question 1935: Awarding scholarships and sponsoring sports by a business organization are example of? Options:
  A) advertising strategy
  B) economic responsibility
  C) marketing strategy
  D) social responsibility
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  The correct answer is D .
• Question 1936: A business organization must always consider the overall effect of its actions on the Options:
  A) competitor
  B) product
  C) profit
  D) society
  Show Answer
  The correct answer is C .
• Question 1937: The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is? Options:
  A) demographic evironment
  B) economic evironment
  C) cultural environment
  D) natural environment
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  The correct answer is A .
• Question 1938:

  Services rendered to the public is provided by

  Options:
  A) domestic servants
  B) civil servants
  C) government
  D) professionals
  Show Answer
  The correct answer is B .
• Question 1939: The most important right of the employee in discharging his duties to the employer is the right to? Options:
  A) regular emolument
  B) job security
  C) working facilities
  D) annual leave
  Show Answer
  The correct answer is B .
• Question 1940: The management function of evaluating whether objectives are being achieved is Options:
  A) planning
  B) directing
  C) organizing
  D) controlling
  Show Answer
  The correct answer is D .