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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.

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

50 questions
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Question 1 of 10 50 total questions
Question 21
jamb 2000
Use the information below to answer question

What is the total fixed capital?
AN 570,000
BN 570,000
CN 575,000
DN 675,000
View Explanation & Discuss
Question 22
jamb 2000

Bank overdraft as a short term source of fund is

Aan overdrawn account
Bgranted to a newly opened account
Crepayable after more than a year
Da current liability
View Explanation & Discuss
Question 23
jamb 2000

On liquidation of a public limited liability company, the residual owners are the

Acreditors
Bordinary shareholders
Cpreference shareholders
Ddebenture holders
View Explanation & Discuss
Question 24
jamb 2000
Government policies relating to the establishment and operation of business are targeted at
Aincreasing the profit of business owners
Bthe general improvement of the economy
Ceven spread of facilities and employment
Ddiversification and expansion of business
View Explanation & Discuss
Question 25
jamb 2000
The measure of independence available to the individual business unit that come together is the main different between
Averitcal and horizontal integration
Bmergers and acquisition
Cconsortium and almalgamation
Dtrust and cartel
View Explanation & Discuss
Question 26
jamb 2000
Which of these is both merit and demerit in partnership?
AThe number of partners
BIt unlimited nature
CThe bearing of risk
DThe withdrawal of a major partner
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Question 27
jamb 2000
The term Plc implies that the are available
Ato the public at the company
Bprivately on the stock exchange
Cpublicly on the stock exchange
Dpublicly in commericial banks
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Question 28
jamb 2000
The application of division of labour should generally bring about
Aincrease in the quantity of goods and service
Bincrease in the variety of goods and services
Ccheapness of goods and services
Dcost efficiency in the production of goods and services
View Explanation & Discuss
Question 29
jamb 2000

Product involves

Amaking goods avaiable where and when needed
Bchanging the form of goods, moving and making them avaiable as needed
Cthe manufacturing of goods and provision of services
Dthe assembling of all necessary parts to produce a finished product
View Explanation & Discuss
Question 30
jamb 2000
The major factors that facilitate merchandising are
Acommuincation , advertising and banking
Btrading, warehousing and production
Cmanagement, insurance, and advertising
Dbanking, insurance and transportation
View Explanation & Discuss
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