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 1991:

  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 1992: A broker is an agent who links a potential investor with? Options:
  A) a shareholder who wants to register a company
  B) other members of the exchange who want to trade
  C) governement official on the exchange
  D) a quoted company
  Show Answer
  The correct answer is D .
• Question 1993:

  The incentive given to a buyer to encourage prompt payment is

  Options:
  A) cash discount
  B) seasonal discount
  C) quantity discount
  D) trade discount
  Show Answer
  The correct answer is A .
• Question 1994:

  The policy used when contracts are awarded as a result of tender is________

  Options:
  A) market penetration
  B) market skimming
  C) Bid Pricing
  D) Product Line Pricing
  Show Answer
  The correct answer is C .
• Question 1995: Business environment refers to all elements that are? Options:
  A) outside an organization but relevant to its operations
  B) inside an organization but irrelevant to its operations
  C) internal to an organization and relevant to its operations
  D) external to an organization but indirectly related to its operations
  Show Answer
  The correct answer is D .
• Question 1996:

  The two main categories under which marine losses fall into are

  Options:
  A) Total loss and partial loss
  B) Voyage policy loss and time policy loss
  C) Particular loss and average loss
  D) Actual loss and general loss
  Show Answer
  The correct answer is A .
• Question 1997: The breaking down of a market into separate and identifiable elements is known as Options:
  A) differentiation
  B) segmentation
  C) skimming
  D) penetration
  Show Answer
  The correct answer is B .
• Question 1998:

  One of the major problems of a sole properitor is sourcing for

  Options:
  A) labour
  B) machineries
  C) raw materials
  D) funds
  Show Answer
  The correct answer is D .
• Question 1999: A factor in a business environment which increases the rate of product obsolescence is? Options:
  A) technology
  B) political
  C) legal
  D) economic
  Show Answer
  The correct answer is A .
• Question 2000: An activity that involves derivation of raw materials from land and sea is? Options:
  A) construction
  B) farming
  C) agriculture
  D) extraction
  Show Answer
  The correct answer is D .