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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.

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

46 questions
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Question 1 of 6 46 total questions
Question 21
neco 2001
What is NOT an advantage of direct distribution of goods to the consumer by the manufacturer?
Acloser contact market trends, etc.
Bdecrease in bad debts
Cgreater intensiveness of the sales campaign
Dno trading discounts need be allowed
Esales are more accurately and efficiently made to the consumer
View Explanation & Discuss
Question 22
neco 2001
What is NOT the function of an entrepreneur?
Abearing risks
Bdeciding on tax to pay
Cdeciding what to produce
Dorganizing other factors
Eproviding initial capital
View Explanation & Discuss
Question 23
neco 2001
The word ‘Commerce’ means
Abuying and selling of goods and services
Bexchange and distribution of goods and services
Clife-blood of every nation
Dproduction of utilities
Etrade and all the services which assist trade
View Explanation & Discuss
Question 24
neco 2001
The Articles of Association of a company do NOT contain
Aa method of dealing with any alterations in the amount of capital
Ba method of sharing profits and the payment of dividends
Ca procedure for calling general meeting/method of voting
Dthe amount of the authorized capital, showing its division into shares
Ethe issue, transfer and forfeiture of shares
View Explanation & Discuss
Question 25
neco 2001
The feature of a supermarket is
Ahaving central control from head-office
Bsales common household goods
Csales of goods without owning shops
Dsimilarity in shops’ frontages
Ethat there are many shops under a roof
View Explanation & Discuss
Question 26
neco 2001
The bringing of ownership and management of a former private industry under the control of the government is called
Acorporation
Bindustrialization
Cnationalization
Dparticipation
Eprivatization
View Explanation & Discuss
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