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 2091:

  The direct authority of a superior over his subordinate is known as?

  Options:
  A) staff authority
  B) line authority
  C) line and staff authority
  D) lateral authority
  Show Answer
  The correct answer is B .
• Question 2092: The focal point of the marketing efforts is the` Options:
  A) seller
  B) profit
  C) product
  D) buyer
  Show Answer
  The correct answer is D .
• Question 2093: 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 .
• Question 2094: If a business uses part of its profit to develop the area where it operates, the business is fulfilling its ______ Options:
  A) economic responsibilities
  B) marketing responsibilities
  C) social responsibilities
  D) managerial responsibilities
  Show Answer
  The correct answer is C .
• Question 2095: The major achievement of ECOWAS is? Options:
  A) the expansion of regional trade
  B) the emergance of a monetary union
  C) infrastructural development in member countries
  D) mobility of labour among member countries
  Show Answer
  The correct answer is A .
• Question 2096: Ordianry warehouse is usually owned and used by Options:
  A) government
  B) agents
  C) retailers
  D) wholesalers
  Show Answer
  The correct answer is D .
• Question 2097: The right of ownership with respect to goods or property is? Options:
  A) right of occupancy
  B) proxy
  C) tittle
  D) certificate of occupancy
  Show Answer
  The correct answer is D .
• Question 2098: A device that enables the downloading of information from the internet is the? Options:
  A) floppy drive
  B) compact disk
  C) modem
  D) bluetooth
  Show Answer
  The correct answer is C .
• Question 2099: An example of a cartel is? Options:
  A) OPEC
  B) ECOWAS
  C) AU
  D) EU
  Show Answer
  The correct answer is A .
• Question 2100: The process of creating more for a product is called? Options:
  A) advertising
  B) marketing
  C) promotion
  D) consumerism
  Show Answer
  The correct answer is C .