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 861: Good and services are made available to consumers through Options:
  A) the channnel of distribution
  B) sales promotion
  C) the advertising agency
  D) the middle men
  Show Answer
  The correct answer is A .
• Question 862:

  The principle of span of control stipulates that?

  Options:
  A) The number of employees reporting to one superior should be kept to a workable maximum
  B) An employee should report to only one superior
  C) Managers must demand accountability from their subordinates
  D) Resources have to be economized within the various divisions
  Show Answer
  The correct answer is A .
• Question 863:

  The stock exchange is a market where

  Options:
  A) short-term securities are sold
  B) medium term securities are sold
  C) all types of securities are sold
  D) long term securities are sold
  Show Answer
  The correct answer is C .
• Question 864:

  

  Use the information Above to answer this question.

  What is the current ratio?

  Options:
  A) 4:1
  B) 4.5:1
  C) 5:1
  D) 25.5:1
  Show Answer
  The correct answer is C .
• Question 865: The fear of many communities concerning tourism development is the? Options:
  A) influence of foreign culture
  B) fear of disease transmission
  C) fear of pollution
  D) religious intolerance
  Show Answer
  The correct answer is A .
• Question 866: 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 867: The measure of independence available to the individual business unit that come together is the main different between Options:
  A) veritcal and horizontal integration
  B) mergers and acquisition
  C) consortium and almalgamation
  D) trust and cartel
  Show Answer
  The correct answer is B .
• Question 868: Extractive industries may also be denominated as Options:
  A) direct industries
  B) servicing industries
  C) primary industries
  D) indirect industries
  Show Answer
  The correct answer is C .
• Question 869: The document that explains the types of shares available for sale to the public is Options:
  A) a prospectus
  B) an invoice
  C) an open indent
  D) a closed indent
  Show Answer
  The correct answer is A .
• Question 870: An individual that links the producer with the retailer is? Options:
  A) an agent
  B) a wholesaler
  C) an entrepreneur
  D) a principal
  Show Answer
  The correct answer is B .