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 2051: One of the functions of the wholesaler is to? Options:
  A) forecast prices
  B) reduce prices of goods
  C) promote sales
  D) analyse sales periodically
  Show Answer
  The correct answer is C .
• Question 2052:

  The type of activity which turns processed raw materials into consumer and industrial goods is described as

  Options:
  A) extractive
  B) processing
  C) constructive
  D) manufacturing
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  The correct answer is D .
• Question 2053: Modern business philosophy emphasizes Options:
  A) quality products
  B) customer satisfaction
  C) sales volume
  D) public relations
  Show Answer
  The correct answer is B .
• Question 2054: The function of commerce in relation to production is ______ Options:
  A) helping in the extraction of raw material from nature
  B) providing a link between the different stage of conversion of good
  C) yielding result
  D) satisfying
  Show Answer
  The correct answer is D .
• Question 2055:

  The communication aspect of the marketing mix is

  Options:
  A) Price
  B) Promotion
  C) Place
  D) Product
  Show Answer
  The correct answer is B .
• Question 2056: The founders ‘share are usually referred to as deferred shares because the holders? Options:
  A) are entitled to cumulative dividends
  B) receive theirdividends after other shareholders
  C) receive their diviends before shareholders
  D) are not entitled to any dividends
  Show Answer
  The correct answer is B .
• Question 2057:

  The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is

  Options:
  A) contango
  B) arbitrage
  C) backwardation
  D) franco
  Show Answer
  The correct answer is C .
• Question 2058: A written agreement for hiring a ship for transporting goods is a? Options:
  A) consular invoice
  B) bill of lading
  C) charter party
  D) certificate of origin
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  The correct answer is C .
• Question 2059:

  An example of extractive occupation is

  Options:
  A) driving
  B) teaching
  C) banking
  D) mining
  Show Answer
  The correct answer is D .
• Question 2060:

  The document with which a manufacturing enterprises releases stock of raw materials to the factory for product is called?

  Options:
  A) stock releases form
  B) goods received note
  C) stock issues voucher
  D) materials release note
  Show Answer
  The correct answer is C .