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 61: A distinctive advantage of GSM is its? Options:
  A) mobility
  B) cost
  C) stability
  D) coverage
  Show Answer
  The correct answer is A .
• Question 62:

  A demerit of communication is that it

  Options:
  A) increase the cost of goods in transit
  B) give room for distortion of fact
  C) hinder quick reception of messages over a long distance
  D) makes payment for goods cumbersome
  Show Answer
  The correct answer is B .
• Question 63: The document issued to a port authority when goods are deposited is a? Options:
  A) dock landing account
  B) bill of sight
  C) bill of lading
  D) dock warrant
  Show Answer
  The correct answer is D .
• Question 64: One major advantage of transportation to a business is to? Options:
  A) extend the firm's market coverage
  B) ensure that goods are produced faster
  C) procure raw materials cheaply
  D) ensure the quality of products
  Show Answer
  The correct answer is A .
• Question 65:

  Examples of consumer goods include all except________

  Options:
  A) Nurse
  B) Cars
  C) Spoon
  D) Shoes
  Show Answer
  The correct answer is B .
• Question 66: When one person approves an act previously done by another in the former's name without authority, this is known as? Options:
  A) ratification
  B) estoppel
  C) illegality
  D) misrepresentation
  Show Answer
  The correct answer is B .
• Question 67:

  The process of eliminating a virus from computer is the

  Options:
  A) programming
  B) formatting
  C) looping
  D) debugging
  Show Answer
  The correct answer is D .
• Question 68: Communication enhances business activities by? Options:
  A) facilitating interaction between producers and consumers
  B) facilitating interaction among media houses
  C) ensuring the movement of goods from the producer to the consumer
  D) keeping the goods safe untill they are needed
  Show Answer
  The correct answer is A .
• Question 69:

  All but one is not an output devices?

  Options:
  A) Joystick
  B) Monitor
  C) Plotter
  D) Printer
  Show Answer
  The correct answer is A .
• Question 70:

  Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.

  	₦		₦
  Opening stock Purchase	1000 7000	Sales	8000
  Closing Stock	3000

  Trading Expenses

  Electricity Salaries Rent Depreciations

  ₦ 135 875 180 210

  From the figures given, calculate

  Gross profit

  Options:
  A) 300
  B) 3000
  C) 6000
  D) 11000
  Show Answer
  The correct answer is B .