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 2381: In the event of the liquidation of a company, the first to be settled are? Options:
  A) debenture holders
  B) members of the board
  C) preference shareholders
  D) ordinary shareholders
  Show Answer
  The correct answer is A .
• Question 2382: The arrangement and interrelationship of the various components and positions of a business is referred to as? Options:
  A) organizational structure
  B) clarity of objective
  C) unity of direction
  D) line structure
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  The correct answer is A .
• Question 2383:

  A contract will not be discharge through

  Options:
  A) acceptance
  B) agreement
  C) breach
  D) performance
  Show Answer
  The correct answer is A .
• Question 2384: Sources of finance to a business include personal savings, share, debentures and? Options:
  A) loans from IMF
  B) bank overdraft
  C) central bank loans
  D) money from political parties
  Show Answer
  The correct answer is B .
• Question 2385:

  A two-way process which involves sending and receiving of messages is referred to as__________

  Options:
  A) Advertisement
  B) Communication
  C) Marketing
  D) Transportation
  Show Answer
  The correct answer is B .
• Question 2386: The first known legislation to protect consumer rights in Nigeria is the Options:
  A) Usury Laws
  B) Hire purchase Act
  C) Sales of Goods Act
  D) Foood and Drugs Act
  Show Answer
  The correct answer is C .
• Question 2387: Ships used for international transport are? Options:
  A) trawelers
  B) yachets
  C) ocean liners
  D) launchers
  Show Answer
  The correct answer is C .
• Question 2388:

  A commission charged on postal order is__________

  Options:
  A) postal zero
  B) postal orders
  C) poundage
  D) brokage
  Show Answer
  The correct answer is C .
• Question 2389: When expenses on trading are deducted, the result is the Options:
  A) rate of turn over
  B) net profit
  C) gross profit
  D) cost of goods sold
  Show Answer
  The correct answer is B .
• Question 2390: A key advantage of delegation is that Options:
  A) workers are prepared for hgher responsibilites
  B) the manager has less work to do
  C) the manager spends less time on planning
  D) the organization grows larger in size
  Show Answer
  The correct answer is A .