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 831: The most reliable and efficient means of conveying urgent documents is through Options:
  A) postal order
  B) ordinary letters
  C) registered letters
  D) courier services
  Show Answer
  The correct answer is D .
• Question 832:

  The above chart represents the

  Options:
  A) Marketing mix relationship
  B) Product mix relationship
  C) Advertising mix relationship
  D) Promotion mix relationship
  Show Answer
  The correct answer is A .
• Question 833: A contract for the sale of goods involved the? Options:
  A) producer, seller and the buyer of goods
  B) offering of goods to customers
  C) transfering of the title to goods for money
  D) exchange of goods
  Show Answer
  The correct answer is C .
• Question 834: Under what management function would the motivation employees fall? Options:
  A) Staffing
  B) Controlling
  C) Organizing
  D) Directing
  Show Answer
  The correct answer is A .
• Question 835: A bank form used to transfer money from personal to creditor's account is called? Options:
  A) debits transfer form
  B) credit transfer form
  C) customers transfer form
  D) banks transfer form
  Show Answer
  The correct answer is A .
• Question 836: The rate at which a country's exports exchange for its imports is called Options:
  A) balance of payments
  B) balance of trade
  C) terms of payment
  D) terms of trade
  Show Answer
  The correct answer is D .
• Question 837: Entrepot trade usually occurs in? Options:
  A) exchanging goods within a nation
  B) exchanging goods among countries
  C) importing goods to be re-exproted
  D) exproting goods to be re-imported
  Show Answer
  The correct answer is C .
• Question 838: The major aim of establishing a public corporation is to Options:
  A) establish a monopoly
  B) provide essential services
  C) provide employment opportunities
  D) encourage specialization
  Show Answer
  The correct answer is B .
• Question 839:

  The incentive given to a buyer to encourage prompt payment is

  Options:
  A) cash discount
  B) seasonal discount
  C) quantity discount
  D) trade discount
  Show Answer
  The correct answer is A .
• Question 840: Business environment refers to all elements that are? Options:
  A) outside an organization but relevant to its operations
  B) inside an organization but irrelevant to its operations
  C) internal to an organization and relevant to its operations
  D) external to an organization but indirectly related to its operations
  Show Answer
  The correct answer is D .