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 2911:

  A transporter who had to sell some perishable goods without the prior authority of the owner becomes an agent by?

  Options:
  A) conduct
  B) necessity
  C) ratification
  D) estoppel
  Show Answer
  The correct answer is B .
• Question 2912:

  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 .
• Question 2913: An aspect of the law which allows an exclusive right for a limited number of years is a Options:
  A) copyright
  B) trade mark
  C) raffication
  D) patent
  Show Answer
  The correct answer is D .
• Question 2914:

  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 2915: Money can be simply be referred to as a Options:
  A) measure of value
  B) standard of value
  C) means of settlement
  D) durable asset for doing business
  Show Answer
  The correct answer is A .
• Question 2916: A collective term for advertising, personal selling and publicity is? Options:
  A) exhibition
  B) promotion
  C) trade fair
  D) merchandizing
  Show Answer
  The correct answer is A .
• Question 2917: A royal charter was granted to the Royal Niger Company to do business in Nigeria in Options:
  A) December 1888
  B) May 1887
  C) July 1886
  D) August 1885
  Show Answer
  The correct answer is C .
• Question 2918: Debentures differ from shares in that Options:
  A) they are secured on the company's assets
  B) ownership is open to the public
  C) they form part of the capital of the business
  D) rewards are usually paid out of profits
  Show Answer
  The correct answer is A .
• Question 2919: Ships that sail across the ocean and operate on scheduled time tables are? Options:
  A) ferries
  B) ocean liners
  C) tramp steamers
  D) coastal liners
  Show Answer
  The correct answer is B .
• Question 2920:

  A business environment that take into consideration the beliefs, attitudes, needs, values and attitudes of the people is_________

  Options:
  A) Economic environment
  B) Technological environment
  C) Political environment
  D) Cultural environment
  Show Answer
  The correct answer is D .