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 231
waec 2016

the production of goods in anticipation for demand is made possible by?

Apackaging
Bwarehousing
Cadvertising
Dbranding
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Question 232
waec 2016

which of the following is a verbal means of communication

Atelex
Bexpress mail
Cbusiness reply service
Dtelephone
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Question 233
waec 2016

the document issued by a warehouse keeper for goods taken into the store is?

Amate receipt
Bbill of sight
Cship manifest
Ddock warrant
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Question 234
waec 2016

The fees charged on postal oder by the post office is?

Ainterest
Bbrokerage
Cpoundage
Dpremium
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Question 235
waec 2016

which of the following functions is not performed by trade association?

Aresearch and development
Bstandardization of product
Ccredit facilities
Dtechnical information
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Question 236
waec 2016

the size of an enterprise is determined by?

Anumber of customers of the enterprise
Blength of the time the firm has been in operation
Camount of capital invested
Dtype of work done
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Question 237
waec 2016

An agreement that is enforceable in law is?

Aa contract
Ban offer
Can acceptance
Da consideration
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Question 238
waec 2016

An insurance broker is involved in?

Aindustrial occupation
Bdistributive occupation
Ccommercial occupation
Dconstructive occupation
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Question 239
waec 2016

An organisation formed mainly by traders and manufacturers to cater for interest for interest of members is?

Atrade union
Bco-operative society
Ctrade association
Dchamber of commerce
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Question 240
waec 2016

A document that contains the relationship between the company and outsiders is?

Acertificate of incorporation
Bmemorandum of association
Carticle of association
Dcertificate of trading
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Question 241
waec 2016

A partnership is dissolved due to?

Aliquidity of the firm
Bdeath of the employee
Cinsanity of partner
Dresignation of an employee
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Question 242
waec 2016

the water corporation is an example of a?

Acooperative
Bpublic enterprise
Cprivate enterprise
Dlimited company
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Question 243
waec 2016

The business unit that  applies the principle of one man one vote is?

Asole proprietorship
Bpartnership
Cco-operative society
Dpublic company
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Question 244
waec 2016

one disadvantage of advertising is that it

Acould be misleading
Breduce sales
Creduce profit
Dcauses over stocking
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Question 245
waec 2016

the worth of a life assurance policy before its maturity date is?

Aresidual value
Bsurrender value
Caccrued value
Dassured value
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Question 246
waec 2016

Risk bearing in a business organisation is a function of the?

Aemployees
Bentrepreneur
Ccustomer
Dmanager
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Question 247
waec 2016

The process of buying, selling and distribution of goods and services is

Aretail trade
Bcommerce
Cmarketing
Dmarketing concept
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Question 248
waec 2016

when a cheque is paid on a bank on which it is drawn, the cheque is

Adiscounted
Bdebited
Ccredited
Dcleared
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Question 249
waec 2016

fidelity guarantee insurance is a cover against loss arising from

Atrade debt
Bpersonal accident
Cdishonest staff
Dfire disaster
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Question 250
waec 2016

when an importer has been overcharged for goods supplied, the exporter issues him with a?

Adebit note
Bpreforma invoice
Cletter of credit
Dcredit note
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