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 391: Risk bearing in business organisation is a function of the _____ Options:
  A) employees
  B) customers
  C) entrepreneur
  D) manager
  Show Answer
  The correct answer is C .
• Question 392: The headquarters of the lake Chad Basin Commission is in? Options:
  A) Niamey
  B) N'Djamena
  C) Abuja
  D) Lagos
  Show Answer
  The correct answer is B .
• Question 393: The buying and selling of goods and services is referred to as Options:
  A) trading
  B) marketing
  C) insurance
  D) advertising
  Show Answer
  The correct answer is A .
• Question 394: The management function that makes the difference in intensity of behavior is? Options:
  A) coordinating
  B) controlling
  C) motivation
  D) planning
  Show Answer
  The correct answer is C .
• Question 395: Goods discharged from ships on which import duties have not been paid are kept in the Options:
  A) ordinary warehouse
  B) public warehouse
  C) private warehouse
  D) bonded warehouse
  Show Answer
  The correct answer is D .
• Question 396: An obstacle to international trade is? Options:
  A) trade imbalance between countries
  B) availiability of local market
  C) quantity and quality of labour
  D) cost of finance
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  The correct answer is D .
• Question 397:

  Average stock is derived by adding

  Options:
  A) closing stock to purchase divided by 2
  B) closing stock to opening stock
  C) opening stock to closing stock divided by 2
  D) opening stock to purchases
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  The correct answer is C .
• Question 398: The government policy thrust on the business environment is to? Options:
  A) promote experts
  B) attract investors
  C) be self-sufficient
  D) increase production
  Show Answer
  The correct answer is B .
• Question 399:

  The business organisation in which shareholders have equal votes is?

  Options:
  A) sole proprietorship
  B) partnership
  C) cooperative
  D) limited liability company
  Show Answer
  The correct answer is C .
• Question 400:

  Inbound tourism occurs when

  Options:
  A) residents of a country travel within it
  B) non-residents of a country travel to other countries
  C) residents of a country travel to other countries
  D) non-residents of a country travel within it
  Show Answer
  The correct answer is C .