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 761: The composite functions of management are? Options:
  A) planning, supervising, communicating
  B) planning, controlling, organising and directing
  C) coordinating, supervising , staffing and comunicating
  D) directing, supervising, motivating, and controlling
  Show Answer
  The correct answer is B .
• Question 762: The letters E and OE stand for? Options:
  A) errors of exception
  B) errors and omissions expected
  C) estimate and order error
  D) end of error
  Show Answer
  The correct answer is B .
• Question 763: The major source of income to commercial banks is? Options:
  A) tourism
  B) banking
  C) communication
  D) transportation
  Show Answer
  The correct answer is C .
• Question 764:

  Privatization is

  Options:
  A) Transfer of ownership from individual to government
  B) Transfer of ownership from government to stakeholders
  C) Transfer of ownership from government to individuals
  D) Government taking charge of all businesses
  Show Answer
  The correct answer is C .
• Question 765: The type of letters that are delivered through the normal mail or by airmail express service is referred to as Options:
  A) inland letters
  B) registered letters
  C) airmail letters express letters
  D) express letters
  Show Answer
  The correct answer is C .
• Question 766: The sole legal right held by the author to publish his book is Options:
  A) trademark
  B) copyright
  C) patent right
  D) bookmark
  Show Answer
  The correct answer is B .
• Question 767:

  

  Use the diagram above to answer this question

  In the communication process, Y represents

  Options:
  A) the encoder
  B) the initiator
  C) noise
  D) the medium
  Show Answer
  The correct answer is D .
• Question 768: The main concern of marketing concept is to? Options:
  A) reduce the number of retail outlets
  B) identify consumer needs and satisfy them
  C) increase sales to meet consumers needs
  D) encourage division of labour
  Show Answer
  The correct answer is B .
• Question 769:

  Services are made up of

  Options:
  A) visible and invisible
  B) Industry and Commerce
  C) direct and indirect services
  D) Goods and Services
  Show Answer
  The correct answer is C .
• Question 770:

  

  From the diagram above, what does I stand for?

  Options:
  A) Aids to trade
  B) Publicity
  C) Home trade
  D) Advertising
  Show Answer
  The correct answer is A .