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 421: In the line type of organizational structure, Options:
  A) the lines of authority are vertical
  B) there is the application of division of labour
  C) specialization is carried to a maximum degree
  D) the lines of authority are horizontal
  Show Answer
  The correct answer is C .
• Question 422:

  

  What is the capital employed?

  Options:
  A) N 200 000
  B) N 340 000
  C) N 170 000
  D) N 300 000
  Show Answer
  The correct answer is D .
• Question 423: Money can simply be referred to as a? Options:
  A) medium of exchange
  B) means for the settlement of debts
  C) durable assets for doing business
  D) standard of value
  Show Answer
  The correct answer is A .
• Question 424: The most important factor that delayed the development of commerce in Nigeria was? Options:
  A) A.the inefficient means of communication
  B) that there were few entrepreneurs
  C) that there were few developed markets
  D) secondary production has to do with changing the?
  Show Answer
  The correct answer is C .
• Question 425: Departmentalization is an aspect of? Options:
  A) planing
  B) organising
  C) directing
  D) controlling
  Show Answer
  The correct answer is B .
• Question 426: The conversion of raw material into finished products creates Options:
  A) Marginal utility
  B) Place utility
  C) form utility
  D) time utility
  Show Answer
  The correct answer is C .
• Question 427: The oral presentation iv a conversation with one or more prospective buyers for the purpose of making sales is Options:
  A) branding of goods
  B) personal selling
  C) packaging
  D) publicity
  Show Answer
  The correct answer is B .
• Question 428: 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 429: The most important business objective is to Options:
  A) improve investments
  B) provide quality products
  C) target consumers for satisfaction
  D) carve a niche for the business
  Show Answer
  The correct answer is C .
• Question 430: A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have Options:
  A) been issued but have not been paid-up
  B) been applied for but not issued
  C) not been paid-up
  D) not yet been issued
  Show Answer
  The correct answer is D .