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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.

80 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

80 questions
All JAMB WAEC NECO CUSTOM
All years 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Question 1 of 20 80 total questions
Question 11
jamb 2019

The function of management that establish objectives for the organization and trying to determine the best ways to accomplish them

Aorganizing
Bplanning
Cdirecting
Dcontrolling
View Explanation & Discuss
Question 12
jamb 2019

Which of these is not a merit of division of labour

Aresults in specialization
Bbrings about an element of automation
CTraining in new jobs is facilitated
DCreates monotony in the work force
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Question 13
jamb 2019

All activities that contribute towards making goods and services available to the people are

AEconomic activities
BPolitical activities
CProductive activities
DBusiness activities
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Question 14
jamb 2019

Any information about a manufacturer or his product that appears in any medium on a non-paid basis is known as

ASales Promotion
BPersonal Selling
CAdvertising
DPublicity
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Question 15
jamb 2019

The communication aspect of the marketing mix is

APrice
BPromotion
CPlace
DProduct
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Question 16
jamb 2019

A document that embody the conditions and exceptions attached to the contract is

Aproposal form
Bcover note
Cthe policy
Dinsurance certificate
View Explanation & Discuss
Question 17
jamb 2019

You have just bought a new car. What Insurance policy will you take to cover it?

AAccident Insurance
BFire Insurance
CMarine Insurance
DFidelity Guarantee Insurance
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Question 18
jamb 2019

A memory that can be read and write and is volatile is known as

ARAM
BROM
CEPROM
DEPPROM
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Question 19
jamb 2019

Computer that process data in the form of values is

ADigital
BHybrid
CDigital-hybrid
DAnalog
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Question 20
jamb 2019

The assembling of Manufactured products into forms usable by humans is classified as

AExtraction occupation
BConstruction occupation
CManufacturing occupation
DIndustrial occupation
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Question 21
jamb 2019

Services are made up of

Avisible and invisible
BIndustry and Commerce
Cdirect and indirect services
DGoods and Services
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Question 22
jamb 2019

A counter offer is an offer that is

Adifferent from the original offer
Bbreached
Cdifferent in terms of acceptance
Dextended to several people at once
View Explanation & Discuss
Question 23
jamb 2019

An offer extended to several people at once is called

AAcceptance
BOfferor
CInvitation to threat
DConsideration
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Question 24
jamb 2019

Percentage of net profit to turnover

A5%
B10%
C
D20%
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Question 25
jamb 2019

Net profit

A1400
B5000
C1600
D6400
View Explanation & Discuss
Question 26
jamb 2019

Gross profit

A300
B3000
C6000
D11000
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Question 27
jamb 2019

Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public

APrivate limited liability
BPublic limited liability
CPartnership
DCo-operative society
View Explanation & Discuss
Question 28
jamb 2019

The basic characteristics of co-operative society include all except one

AIt is managed democratically
BIt follows the principle of one man
CAmateur Management
DExtra capital is raised through loan
View Explanation & Discuss
Question 29
jamb 2019

All except one is not a corporation and boards at the federal level

AFRCN
BNNPC
CCBN
DMAN
View Explanation & Discuss
Question 30
jamb 2019

The difference between Articles of association and memorandum of Association is that the latter deals

Awith the Internal working relationship of the company and its members
Bwith the powers and relationships of the company with outsiders
CThe method of issue, transfer and future of the company's shares
DThe rights and responsibilities of shareholders
View Explanation & Discuss
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