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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.

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

49 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 9 49 total questions
Question 21
waec 2001
Which of the following is most appropriate for a "Cash with order" terms of sale?
AProforma invoice
BCredit note
CDebit note
DConsignment note
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Question 22
waec 2001
Which of the following is a feature of sole proprietorship?
AIssue of shares
BLimited liability
CLimited capital
DLegal entity
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Question 23
waec 2001
Which of the following business must have at least one member with unlimited liability?
ALimited liability company
BLimited partnership
CNominal partnership
DPublic eneterprises
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Question 24
waec 2001
Branding is an aspect of marketing mix associated with?
Aprice
Bproduct
Cplace
Ddistribution
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Question 25
waec 2001

The number of times the average stock of a business is sold within a given period is?

Aturnover
Brate of turnover
Csales return
Dcurrent ratio
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Question 26
waec 2001
The mark-up of a retailer represents the?
Agross profit
Bopening stock
Cclosing stock
Dnet profit
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Question 27
waec 2001
Which of the following classified under production?
ACloth making
BShoe mining
CCoal mining
DRoad construction
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Question 28
waec 2001
hose who are engaged in exploiting natural resources are in?
Aextractive occupation
Bconstructive occupation
Ccommercial occupation
Dmanufacturing occupation
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Question 29
waec 2001
Which of the following best describes commerce?
ABuying and selling goods and services
BBuying, selling and distribution and services
CPreserving goods until they are needed
DMaking goods and services known to people
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