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 821: Yahaya bought a piece of furniture on a credit sale agreement from Ahmed and resold it to Ali before all installments were made .The court upheld that Ahmed could not recover possession of the items from Ali. The reason for the judgement was because Options:
  A) ownership was transfered on completeion of installment
  B) ownership was transfered on delivery
  C) Yahaya could not pass title to a third party
  D) Ali was still indebted to Yahaya
  Show Answer
  The correct answer is B .
• Question 822: Which of the following services does a lawyer render? Options:
  A) industrial services
  B) indirect services
  C) direct services
  D) commercial services
  Show Answer
  The correct answer is C .
• Question 823: The business organization that can effectively combine management with control is? Options:
  A) private limited liability company
  B) sole proprietorship
  C) public limited liability company
  D) co-operation society
  Show Answer
  The correct answer is B .
• Question 824: A worker who process rice is engaged in? Options:
  A) constructive activity
  B) comercial activity
  C) extractive activity
  D) manufactural activity
  Show Answer
  The correct answer is D .
• Question 825: Which of the following is a function of employers’ associate? Options:
  A) undertaking research on behalf of employees
  B) promotion of thrift in workers
  C) promotion of workers'welfare
  D) Dissemination of information through sponsored journals
  Show Answer
  The correct answer is C .
• Question 826: Capital as a factor of production can be used as? Options:
  A) Money that is regarded as assets
  B) Goods that are useful in business
  C) Input for further production
  D) Services that provide satisfaction
  Show Answer
  The correct answer is C .
• Question 827: Which of the following aspects of marketing stimulates buying by providing free gifts Options:
  A) a personal selling
  B) sales promotion
  C) advertising
  D) publicity
  Show Answer
  The correct answer is B .
• Question 828: The type of activity which turns processed raw materials into consumer and industrial goods is described as Options:
  A) extractive
  B) manufacturing
  C) constructive
  D) processing
  Show Answer
  The correct answer is B .
• Question 829: The best pricing strategy for a company that produces warm clothing is? Options:
  A) target return pricing
  B) bid pricing
  C) variable pricing
  D) product line pricing
  Show Answer
  The correct answer is D .
• Question 830:

  A request for goods from another country by an importer would be made using

  Options:
  A) an invoice
  B) an indent
  C) an order
  D) a quotation
  Show Answer
  The correct answer is B .