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 191
jamb 2023

Which of the following is not a veritable source of funds to a public limited liability company?

Aadvances and loans from bank
Binternally generated funds
Cgovernment financial grants
Dfunds from the sale of shares
View Explanation & Discuss
Question 192
jamb 2023

An agent who has to sell perishable goods without the prior authority of the owner becomes an agent by

Aestoppel
Bconduct
Cnecessity
Dratification
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Question 193
jamb 2023

Which of the following regulates and controls the activities in the Nigerian Stock Exchange?

ACBN
BBPE
CSEC
DNDIC
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Question 194
jamb 2023

A demerit of communication is that it

Aincrease the cost of goods in transit
Bgive room for distortion of fact
Chinder quick reception of messages over a long distance
Dmakes payment for goods cumbersome
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Question 195
jamb 2023

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

Aorganizing
Bstaffing
Cdirecting
Dleading
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Question 196
jamb 2023

The maximum number of shareholders in a public liability company is

Atwenty
Bone hundred
Cfifty
Dunlimited
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Question 197
jamb 2023

A document that lists the goods that are being sent from one place to another is

Amail transfer
Bshipping note
Cconsular invoice
Dbill of lading
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Question 198
jamb 2023

The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is

Acontango
Barbitrage
Cbackwardation
Dfranco
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Question 199
jamb 2023

The macro-environmental forces and trends which are a constraint on business operations are referred to as

Ainternal factors
Btechnological factors
Ceconomic factors
Dexternal factors
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Question 200
jamb 2023
A document that lists the goods sent to a buyer is an
Ainvoice
Breceipt
Corder form
Dcheque
Question 201
waec 2022

The agreement which led to the formation of the West African Clearing House was signed in

AGambia
BSierra Leone
CNigeria
DGhana
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Question 202
waec 2022

One of the aims of ECOWAS is to

Apromote commereialization policies
Bpromote commereializati10n policies
Cdiscourage foreign investors
Densure production of quality goods
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Question 203
waec 2022

Which of the following is not a function ol management?

AControlling
BDelegating
CDirecting
DOrganizing
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Question 204
waec 2022

An organizational chart of a company shows the

Aarrangement of equipment in the company
Bfinancial status of employees in the company
Cgeographical location of the company
Dhierarchy of staff in the company
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Question 205
waec 2022

The number of subordinates a head of department supervises is

Aunity of command
Bchain of command
Cspan of control
Dunity of direction
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Question 206
waec 2022

A disadvantage of privatization is

Ahigh motive for profit than public interest
Bdecline in the supply of goods
Cless efficiency in production of goods
Dincrease in government expenditure
View Explanation & Discuss
Question 207
waec 2022

A requirement for an offer to be valid is that it should be

Awitnessed by a third party
Bsomething of value
Cmade to one person only
Dcommunicated to the offeree
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Question 208
waec 2022

An agency agreement in which the principal approves the action of his authorized representative is agency by

Aratification
Bnecessity
Cimplication
Destoppel
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Question 209
waec 2022

The purpose of commercialization is to

Amake state-owned firms more efficient
Benable state-owned firms pay tax
Cencourage the flow of foreign capital
Dencourage greater participation of the private sector
View Explanation & Discuss
Question 210
waec 2022

The act of removing government laws and allowing market forces to determine prices is

Acommercialization
Bderegulation
Cdivestiture
Dprivatization
View Explanation & Discuss
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