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 321: A function organization structure is where? Options:
  A) staff performing the same functions are grouped together
  B) department performing similar functions grouped together
  C) activities of similar nature are grouped together
  D) staff performing similar functions are grouped together
  Show Answer
  The correct answer is D .
• Question 322:

  Extractive industries may also be denominated as

  Options:
  A) direct industries
  B) servicing industries
  C) indirect industries
  D) primary industries
  Show Answer
  The correct answer is D .
• Question 323: When a vendor supplies newspapers from house to house and across the streets, the element of marketing mix involved is Options:
  A) product
  B) price
  C) promotion
  D) place
  Show Answer
  The correct answer is D .
• Question 324: The document that gives an importer a freehand to obtain goods from any manufacturer is? Options:
  A) a consular invoice
  B) a closed indents
  C) an open indent
  D) a freight note
  Show Answer
  The correct answer is C .
• Question 325: A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank Options:
  A) Bank draft
  B) Bankers’ order
  C) Promissory note
  D) Travelers cheque
  Show Answer
  The correct answer is B .
• Question 326: The main objective of a trade association can best be described as promoting and protecting Options:
  A) the products
  B) common interest
  C) the market
  D) customer's interest
  Show Answer
  The correct answer is D .
• Question 327: Citizens are against privatization mainly because of? Options:
  A) the rationalization of organizations
  B) increased prices of goods and services
  C) the likelihood of monopoly
  D) ineffective management
  Show Answer
  The correct answer is B .
• Question 328: A business organization can obtain long term financing through Options:
  A) bank overdraft
  B) the sale of shares
  C) credit purchases
  D) bureau de change
  Show Answer
  The correct answer is B .
• Question 329:

  The production of goods and services in anticipation of demand is made possible by

  Options:
  A) warehousing
  B) packaging
  C) branding
  D) advertising
  Show Answer
  The correct answer is A .
• Question 330: Which of the following organizations represents those who engages labour in Nigeria? Options:
  A) Nigerian Labour Congress
  B) Nigerian Employers Consultative Association
  C) Manufacturers Association of Nigeria
  D) Nigerian Union of Local Government Employees
  Show Answer
  The correct answer is A .