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 261: One of the obligations of an employer to an employee is to? Options:
  A) indemnify him against liabilities incurred on duty
  B) award scholarship to his children
  C) terminate his appointment without prior notice
  D) indemnity himagainst injuries caused through negligence
  Show Answer
  The correct answer is A .
• Question 262: Warehousing is a productive function because it increase the Options:
  A) quantity of goods
  B) utility of goods
  C) quality of goods
  D) price of goods
  Show Answer
  The correct answer is A .
• Question 263: Good and services are made available to consumers through Options:
  A) the channnel of distribution
  B) sales promotion
  C) the advertising agency
  D) the middle men
  Show Answer
  The correct answer is A .
• Question 264: A group of companies is a collection of? Options:
  A) subsidiaries and their holding company
  B) firms
  C) associates and their holding company
  D) industries
  Show Answer
  The correct answer is A .
• Question 265:

  The management function that makes the difference in intensity of behavior is

  Options:
  A) controlling
  B) motivation
  C) coordinating
  D) planning
  Show Answer
  The correct answer is B .
• Question 266: The setting of objectives for an organization and determining how to accomplish them is? Options:
  A) social responsibility
  B) planning
  C) organizing
  D) decision-making
  Show Answer
  The correct answer is B .
• Question 267:

  The assembling of Manufactured products into forms usable by humans is classified as

  Options:
  A) Extraction occupation
  B) Construction occupation
  C) Manufacturing occupation
  D) Industrial occupation
  Show Answer
  The correct answer is B .
• Question 268: The world tourism organization has it headquarters in Options:
  A) New York
  B) Madrid
  C) Paris
  D) London
  Show Answer
  The correct answer is B .
• Question 269: One major advantage of transportation to a business is to? Options:
  A) extend the firm's market coverage
  B) ensure that goods are produced faster
  C) procure raw materials cheaply
  D) ensure the quality of products
  Show Answer
  The correct answer is A .
• Question 270:

  The scope of economic activities can be enlarged by

  Options:
  A) transportation and trading
  B) trading and aids to trade
  C) business and its promotion
  D) insurance and banking
  Show Answer
  The correct answer is B .