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 2741: A communication process providing information for decision-making in an organization is the? Options:
  A) Management information System
  B) Transmission Control Protocol
  C) Information Retrieval System
  D) File Transfer Protocol
  Show Answer
  The correct answer is C .
• Question 2742: A form of money with face value which is greater than the value of the metal content is Options:
  A) legal tender
  B) bank notes
  C) token money
  D) commodity money
  Show Answer
  The correct answer is C .
• Question 2743: An order sent by an importer to an overseas supplier stating the details of goods required is known as? Options:
  A) export invoice
  B) ship's manifest
  C) an indent
  D) bill of lading
  Show Answer
  The correct answer is C .
• Question 2744: Personnel activities that promote the general image of an organization are part of Options:
  A) advertising
  B) sales promotion
  C) public relations
  D) business correspondence
  Show Answer
  The correct answer is C .
• Question 2745:

  Use the following information to answer this question.

  Oladosu Bookshop

  54, Ahmadu Bello Way

  Kaduna

  P.O.BOOX 336

  6 January 1989

  Olu Stationery ltd

  17, Kakawa Street

  Lagos

  Dear Sir,

  We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.

  Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.

  Yours Faithfully

  Manager.

  The above represents?

  Options:
  A) A quotation
  B) Consignment notes
  C) Letters of Inquiry
  D) An order form
  Show Answer
  The correct answer is C .
• Question 2746:

  Use the information below to answer question 14 and 15.

  Miamani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due.

  What is the company's reserve share capital?

  Options:
  A) N2500 000
  B) N4000 000
  C) N5000 000
  D) N2000 000
  Show Answer
  The correct answer is A .
• Question 2747: A factor in a business environment which increases the rate of product obsolescence is? Options:
  A) technology
  B) political
  C) legal
  D) economic
  Show Answer
  The correct answer is A .
• Question 2748: The letters E and OE stands for __________? Options:
  A) Errors of exception
  B) Errors and omissions excepted
  C) Estimated and order error
  D) End of error
  Show Answer
  The correct answer is B .
• Question 2749:

  The provision of qualified managerial and other skilled personnel for an enterprise is called

  Options:
  A) Directing
  B) Controlling
  C) Planning
  D) Staffing
  Show Answer
  The correct answer is D .
• Question 2750: The making of doors from timber planks is a type of? Options:
  A) manufacturing
  B) tertiary production
  C) secondary produuction
  D) primary production
  Show Answer
  The correct answer is C .