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 2451: The major procedures in the purchase and sale of goods are enquiry Options:
  A) quotation, order and invoice
  B) placement, order and invoice
  C) bargin, order and invoice
  D) order, sale, and invoice
  Show Answer
  The correct answer is A .
• Question 2452:

  Consumers could be encouraged to purchase a company's product through

  Options:
  A) research
  B) planning
  C) distribution
  D) advertisement
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  The correct answer is D .
• Question 2453:

  Given:

  i. Shoe maker ii. Policeman iii. Fisherman iv. Gardener v. Broker

  The persons engaged in primary occupation are

  Options:
  A) i,iii and iv
  B) iii and iv
  C) iii and v
  D) i, ii and v
  Show Answer
  The correct answer is B .
• Question 2454:

  Services which are of absolute monopoly can best be provided by?

  Options:
  A) private companies
  B) limited liability
  C) public companies
  D) public enterprises
  Show Answer
  The correct answer is D .
• Question 2455:

  Sea vessels that do not operate on regular times and routes are

  Options:
  A) tramps
  B) ocean liners
  C) container ships
  D) ferries
  Show Answer
  The correct answer is B .
• Question 2456: The role of a wholesaler in the channel of distribution is to? Options:
  A) produce goods in large quantities and sell in small quantities
  B) buy goods directly from the manufacturers
  C) buy goods in large quantities and sell in small quantities
  D) sell goods directly to the consumers
  Show Answer
  The correct answer is C .
• Question 2457:

  One of the principles of insurance is

  Options:
  A) Proximate cause
  B) Fidelity guarantee
  C) Consequential loss
  D) Surrender value
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  The correct answer is A .
• Question 2458:
  

  10% IS CHARGED ON DEPRECIATION OF FIXED ASSETS

  Determine the value of Ojo's fixed assets

  Options:
  A) N 14450
  B) N13450
  C) N13005
  D) N12005
  Show Answer
  The correct answer is A .
• Question 2459:

  A memory that can be read and write and is volatile is known as

  Options:
  A) RAM
  B) ROM
  C) EPROM
  D) EPPROM
  Show Answer
  The correct answer is A .
• Question 2460: Goods that are manufactured or acquired by the seller after the contract of sale are? Options:
  A) specialty goods
  B) future goods
  C) specific goods
  D) general goods
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  The correct answer is C .