Commerce Past Questions

Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

2,221 questions
Question 1 of 20 2,221 total questions
Question 121
waec 2021

Which type of occupation is a carpenter engaged in?

ACommercial
BConstruction
CExtraction
DManufacturing
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Question 122
waec 2021

The word ''limited"  written after the name of a company means that  

Ait has a democratic system of management
Bmembers are liable to the extent of their shareholdings only
Cthe company is a going concern
Dprofit is determined by management
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Question 123
waec 2021

All activities geared towards the distribution and exchange of goods and services is _______

Acommerce
Bmarket survey
Cpersonal selling
Dtrade
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Question 124
waec 2021

An example of a primary product is _____

Atextile
Bpalm oil
Cflour
Dcocoa
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Question 125
waec 2021

The process of changing raw materials into finished goods is ________

Aconstruction
Bextraction
Cmanufacturing
Dmarketing
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Question 126
waec 2021

Commerce started as a result of _______

Acompetition
Bdistribution
Cprivatization
DSpecialization
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Question 127
waec 2020

Which of the following is not an objective of ECOWAS?

Apromotion of a common language
Bimprovement of infrastructural facilities
Cencouragement of free movement of people
Dencouragement of trade among member coutries
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Question 128
waec 2020

A medium of inter-departmental communication is?

Aintercom
Bnotice board
Cradiophone
Dcircular
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Question 129
waec 2020

In delegation of authority, the subordinate offer is?

Aaccountable to his immediate superior
Bresponsible for his superiors actions
Conly answerable to top management
Dexpected to replace his superior
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Question 130
waec 2020

The management function which involves measuring outcomes and taking corrective action to reduce error is?

Astaffing
Borganizing
Cdirecting
Dcontrolling
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Question 131
waec 2020

One of the disadvantages of privatization is that it?

Apromotes inefficiency of staff
Bbrings about economic decline
Creduces government revenue
Dcauses increase in the prices of products
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Question 132
waec 2020

The transfer of ownership of a business from government to the public is?

Acommercialization
Bderegulation
Cprivatization
Dmerger
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Question 133
waec 2020

The additional commission paid to agents for guaranteeing payment is?

Abrokerage
Bdel credere
Cdrawback
Ddemurrage
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Question 134
waec 2020

A person engaged for the purpose of bringing his principal and a third party into a contractual relation is?

Aan arbiter
Ban auctioneer
Can agent
Dmiddlemen
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Question 135
waec 2020

A contract will not be discharged through?

Aacceptance
Baggrement
Cbreach
Dperformance
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Question 136
waec 2020

An agreement that is enforceable in law is?

Aan offer
Ba consideration
Ca contract
Dan acceptance
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Question 137
waec 2020

The marketing term which regards the consumer as king that must be satisfied is?

Amarket segmentation
Bmarket research
Cmarketing concept
Dmarketing mix
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Question 138
waec 2020

Which of the following is not a component of the marketing mix?

Aproduct
Bproduction
Cpromotion
Dplace
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Question 139
waec 2020

The activity which improves the appearance of a product and also aimed at protecting it is? 

Aadvertising
Bgrading
Clabelling
Dpackaging
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Question 140
waec 2020

The face-to-face meeting of the seller with the buyer for the purpose of making sales is?

Amass selling
Bimpulse buying
Cpersonal selling
Dsales promotion
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