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 2081: The current highest decision-making body on privatization and commercialization of public enterprises in Nigeria is the? Options:
  A) National Council on Privatization
  B) Securities and Exchange Commission
  C) Nigeria Investment Promotion Commission
  D) Bureau of Public ENterprises
  Show Answer
  The correct answer is D .
• Question 2082: One of the functions of a retailer is the? Options:
  A) financing of production activities
  B) provision of credit facilities to relations
  C) provision of jobs for customers
  D) breaking of bulk
  Show Answer
  The correct answer is D .
• Question 2083:

  Computer that process data in the form of values is

  Options:
  A) Digital
  B) Hybrid
  C) Digital-hybrid
  D) Analog
  Show Answer
  The correct answer is D .
• Question 2084: One of the characteristics of a good organizational chart is that it should Options:
  A) be rigid
  B) show government policy
  C) facilitate communication
  D) be acceptable
  Show Answer
  The correct answer is C .
• Question 2085: 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 2086: The role of customs and exercise authority includes the Options:
  A) provision of a good transport system to facilitate imports and exports
  B) provision of security at the port
  C) control of the flow of goods in and out of the country
  D) provision of dockyards for ship repairs
  Show Answer
  The correct answer is C .
• Question 2087: The limit of functions, activities and personnel that a supervisor can effectively manage in a business organization is? Options:
  A) span of control
  B) delegation of authority
  C) chain of command
  D) authority and rsesponsibility
  Show Answer
  The correct answer is C .
• Question 2088:

  Warehousing is a productive function because it increases the?

  Options:
  A) quantity of goods
  B) utility of goods
  C) quality of goods
  D) price of goods
  Show Answer
  The correct answer is B .
• Question 2089: Resources obtained from the extractive sector that are transformed into finished products are examples of? Options:
  A) primary production
  B) tertiary production
  C) direct production
  D) secondary production
  Show Answer
  The correct answer is A .
• Question 2090: A close indent is an instrument to an agent to Options:
  A) order goods from a particular manufacturer
  B) order goods from any manufacturer
  C) sell gods to any firm
  D) sell goods to a certain firm
  Show Answer
  The correct answer is A .