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 741: When an organization studies a market that is undeserved by others and creates a product or service for the segment, it is engaged in? Options:
  A) market inegration
  B) market positioning
  C) market orchestration
  D) product differentiation
  Show Answer
  The correct answer is D .
• Question 742: In the event of voluntary liquidation, the appointed of a liquidator is the responsibility of the? Options:
  A) directors
  B) creditors
  C) promoters
  D) court
  Show Answer
  The correct answer is A .
• Question 743: The use of vending machines in retailing is hindered in a developing economy owing to? Options:
  A) poor distribution network
  B) low level of education
  C) inffective communication system
  D) lack os steady power supply
  Show Answer
  The correct answer is D .
• Question 744: The circulating capital of a business enterprise is classified into? Options:
  A) cash, work-in-progress and debtors
  B) cash,vehicles, land and buildings
  C) debtors , stock of raw materials and fittings
  D) pre-payments, debtors and equipment
  Show Answer
  The correct answer is A .
• Question 745:

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

  Options:
  A) labour
  B) machineries
  C) raw materials
  D) funds
  Show Answer
  The correct answer is D .
• Question 746:

  When a company insures the lives of all its employees collectively, the policy is

  Options:
  A) accident insurance
  B) fleet insurance
  C) fidelity guarantee insurance
  D) group insurance
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  The correct answer is D .
• Question 747: Organizing trade fairs in Nigeria is the responsibility of? Options:
  A) National Directorate of Employment
  B) Federal Ministry of Commerce
  C) trade association
  D) chambers of commerce
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  The correct answer is B .
• Question 748: A process of creating more market for a product is through? Options:
  A) consumerism
  B) marketing
  C) advertising
  D) reponsitioning
  Show Answer
  The correct answer is C .
• Question 749:

  The process of winding up or bringing a company to an end is________

  Options:
  A) Dissolution
  B) Liquidation
  C) Integrating
  D) Merger
  Show Answer
  The correct answer is B .
• Question 750:

  The headquarters of Niger Basin Commission is located at________

  Options:
  A) Abuja
  B) Niamey
  C) Lome
  D) Nojamena
  Show Answer
  The correct answer is B .