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 2681:

  $\begin{array}{cc}N& N\\ \text{Capital 8000}& \text{Plant and machinery5000}\\ \text{Net profit 4000}& \text{Motor Van 4500}\\ \text{Drawings 200}& \text{Stock 2000}\\ \text{Creditors 2000}& \text{Debtors 1000}\\ \text{Accurals 300}& \text{Banks 100}\\ & \text{Cash 600}\\ 14100& 14100\end{array}$

  What is the current ration?

  Options:
  A) 4 : 1
  B) 5 : 1
  C) 3 : 1
  D) 2 : 1
  Show Answer
  The correct answer is D .
• Question 2682:

  One advantage of small scale retail outlets is

  Options:
  A) availability of self service facilities
  B) ability to buy in bulk
  C) easy acess to large amount of capital
  D) personal attention to customers
  Show Answer
  The correct answer is D .
• Question 2683: The document that explains the types of shares available for sale to the public is Options:
  A) a prospectus
  B) an invoice
  C) an open indent
  D) a closed indent
  Show Answer
  The correct answer is A .
• Question 2684: The partner that only contributes part of the capital used in the formation and running of a business is known as? Options:
  A) a passive partner
  B) an active partner
  C) a dormant partner
  D) a nominal partner
  Show Answer
  The correct answer is C .
• Question 2685:

  Examples of Commercial occupation are all except___________

  Options:
  A) Bankers
  B) Traders
  C) Insurers
  D) Goldsmith
  Show Answer
  The correct answer is D .
• Question 2686: An important issue for consideration in the product element of the marketing mix is the? Options:
  A) adequate of the peroduct
  B) channel of diistribution of the product
  C) price of the product
  D) planing and development of the product
  Show Answer
  The correct answer is D .
• Question 2687: A computer that can be used in weather forecast is? Options:
  A) a hybrid computer
  B) an analog computer
  C) a marineframe computer
  D) a digital computer
  Show Answer
  The correct answer is D .
• Question 2688:

  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 2689: A software application which enables a user to display and interact with texts, images and videos is the? Options:
  A) web server
  B) Internet Protocol
  C) coreldraw
  D) web browser
  Show Answer
  The correct answer is C .
• Question 2690:

  A responsibility to control environmental pollution is the responsibility of____

  Options:
  A) The business
  B) The government
  C) The consumer
  D) The employee
  Show Answer
  The correct answer is A .