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 661: In which of the following will the numbers of words used determine the cost of the message sent? Options:
  A) Telephone
  B) Telegram
  C) E-mail
  D) Telex
  Show Answer
  The correct answer is B .
• Question 662:

  The management function that makes the difference in intensity of behavior is

  Options:
  A) controlling
  B) motivation
  C) coordinating
  D) planning
  Show Answer
  The correct answer is B .
• Question 663:

  The progragramme that makes up the operating system in a computer system is called? 

  Options:
  A) system software
  B) micro program
  C) syntax
  D) system flow-chart
  Show Answer
  The correct answer is A .
• Question 664:

  One of the major problems of a sole proprietor is sourcing for

  Options:
  A) Funds
  B) Labour
  C) Raw materials
  D) Machineries
  Show Answer
  The correct answer is A .
• Question 665:
  

  Use the information above to answer the question below.

  Find the current ratio.

  Options:
  A) 1.53:1
  B) 1, 85:1
  C) 0. 87: 1
  D) 0, 50:1
  Show Answer
  The correct answer is B .
• Question 666: Rights issue means the Options:
  A) issue of shares to the directors of a company on favourable terms
  B) Issue of shares by a company only to the founders of the company
  C) right of shareholders to vote on any issue
  D) issue of shares to shareholders on favourable terms
  Show Answer
  The correct answer is D .
• Question 667: Which of the following is a quality of money Options:
  A) Availability
  B) Scarcity
  C) Indivisibility
  D) Convertibility
  Show Answer
  The correct answer is A .
• Question 668:

  One of the merits of television as a medium of advertising is that it

  Options:
  A) is prone to censorship
  B) is relatively cheap
  C) has more network coverage
  D) has more sensory stimulation
  Show Answer
  The correct answer is D .
• Question 669: One major characteristic of credit unions and thrift societies is that? Options:
  A) the legal processes involved in their formation are rigid
  B) membership is compulsory to people in the same line of business
  C) the contribution of every member depends on the member's ability
  D) a minimum of ten people in the same line of business can form the union
  Show Answer
  The correct answer is C .
• Question 670:

  A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share.

  If the shares were fully subscribed, calculate the issued capital?

  Options:
  A) N4 000 000
  B) N2 000 000
  C) N1 000 000
  D) 500 000
  Show Answer
  The correct answer is D .