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: An agency contract must involve? Options:
  A) a principal and a consumer
  B) a principal and a producer
  C) a principal and a third party
  D) a principal and an agent
  Show Answer
  The correct answer is D .
• Question 822: The program that makes up the operating system in a computer is? Options:
  A) microprogram
  B) system flowchart
  C) system software
  D) syntax
  Show Answer
  The correct answer is C .
• Question 823: When an employee incurs expenses while executing his normal duty, the employer is responsible for his? Options:
  A) safety
  B) family's security
  C) family's welfare
  D) ìdemnification
  Show Answer
  The correct answer is D .
• Question 824: A seller attracts and retains patronage by? Options:
  A) enhancing public relationship
  B) enhance sales promotion
  C) rendering pre-sales services
  D) rendering customer service
  Show Answer
  The correct answer is C .
• Question 825:

  One of the obstacles to achieving the objectives of ECOWAS is?

  Options:
  A) lack of a common currency
  B) colonial linkages
  C) sovereignty of state
  D) language difference
  Show Answer
  The correct answer is D .
• Question 826:

  A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a

  Options:
  A) bear
  B) bull
  C) dealer
  D) stag
  Show Answer
  The correct answer is B .
• Question 827:

  The temporary working area of the control processing unit is called the?

  Options:
  A) CD-ROM
  B) CD-RAM
  C) ROM
  D) RAM
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  The correct answer is D .
• Question 828:

  

  The capital employed is

  Options:
  A) ₦1,000
  B) ₦1,370
  C) ₦140
  D) ₦50
  Show Answer
  The correct answer is A .
• Question 829: Commerce makes it possible for man to live in a Options:
  A) complex and organized society
  B) society characterized by subsistency
  C) society characterized by dependency
  D) simple and organized society
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  The correct answer is C .
• Question 830: In response to an inquiry from a customer, a wholesaler is expected to send back Options:
  A) a consignment note
  B) an order
  C) a qoutation
  D) an advice note
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  The correct answer is C .