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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.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

4,313 questions

Question 1 of 20 4,313 total questions

Question 1351

jamb 2003

Entrepreneurship mainly involves?

Arisk-taking

Binitiating

Cskilled manpower

Dknowledge

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Question 1352

jamb 2003

A functional structure is an organizational structure in which?

Aabstract rules are applied

Bequity prevails

Ca specialist enforces his directives

Dthere is no hierarchy

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Question 1353

jamb 2003

Stimulation of demand is a kind of communication in marketing which connotes?

Apersonal selling

Bsales promotion

Cadvertising

Dmerchandising

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Question 1354

jamb 2003

Communication process involves the transmission of a message over a selected channel to the?

Areceiver

Baudience

Csender

Dencoder

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Question 1355

jamb 2003

The process of dividing task into jobs and departments and of delegating authority is known as?

Astaffing

Bleading

Cdirecting

Dorganizing

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Question 1356

jamb 2003

One of the functions of seaports is the provision of?

Aberthing and landing facilities

Bloading and off-loading facilities

Ccontrol room for relaying radio messages

Dwarehouses for storage of cargo

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Question 1357

jamb 2003

The management function that makes the difference in intensity of behavior is?

Acoordinating

Bcontrolling

Cmotivation

Dplanning

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Question 1358

jamb 2003

The type of marine insurance which covers either damage or loss to the vessel and such as caused by it to other vessel is?

Ahull insurance

Btime insurance

Cfreight insurance

Dcargo insurance

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Question 1359

jamb 2003

The focal point of marketing is?

Athe competitior

Bthe buyer

Cprofit-making

Dsales

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Question 1360

jamb 2003

An example of service rendered by NIPOST is?

Aelectronic mail

Bcouier

Ctelephone

Dmail delivery

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Question 1361

jamb 2003

The payment made periodically in respect of an insurance policy entered into is known as?

Abond

Bcommission

Cpremium

Dsurrender value

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Question 1362

jamb 2003

A firm that adapts itself to delivering the desired satisfaction more effectively than its competitors is said to be practicing?

Aprice concept

Bdistribution concept

Cproduct concept

Dmarkting concept

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Question 1363

jamb 2003

A guarantee given by one person or party to another in which the integrity of the person is assured is?

Afidelity

Bterm assurance

Csubrogation

Dindemnity

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Question 1364

jamb 2003

The concept that refers to the sale, transfer or exchange of goods and service is?

Aindustry

Btrade

Ctariff

Dmarketing

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Question 1365

jamb 2003

The basic functin of the Nigeria Ports Authority is to?

Aensure that the right calibre of personnel is employed at the ports

Bcoordinate and regulate the activities of shipping lines

Cfacilitate and control the movement of goods and services into and out of the country

Dcoordinate the activities of all the seaports in the country

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Question 1366

jamb 2003

Ojo purchased the following items from Sani at the specified prices on credit:
200 cartons of milk at N1,000 per carton; 50 bags of rice at N3 000 per bag.
Sani allowed 10% trade discount and 5% cash discount if payment is made within the agreed period. Ojo paid within the agreed period.

How much was the trade discount?

AN42.500

BN27,500

CN22,500

D20,000

View Explanation & Discuss

Question 1367

jamb 2003

Use the information below to answer questions 7 and 8.

Ojo purchased the following items from Sani at the specified prices on credit:
200 cartons of milk at N1,000 per carton; 50 bags of rice at N3 000 per bag.
Sani allowed 10% trade discount and 5% cash discount if payment is made within the agreed period. Ojo paid within the agreed period.

What was the amount paid by Ojo?

AN382,500

BN425,000

CN363,375

DN61,625

View Explanation & Discuss

Question 1368

jamb 2003

Goods that are manufactured or acquired by the seller after the contract of sale are?

Aspecialty goods

Bfuture goods

Cspecific goods

Dgeneral goods

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Question 1369

jamb 2003

A pattern that shows the kinds of participants involved in the production, distribution and ultimate use of a product is referred to as?

Aselection

Bstrategy

Cstructure

Dsynergy

View Explanation & Discuss

Question 1370

jamb 2003

The main motive of chambers of commerce and trade association is to?

Aassist governemnt in achieving its objective

Bprotect the interest of consumers

Cmaximize profit

Dprotect and promote the interests of members

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