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 301
jamb 2021

Communication process involves the transmission of a message over a selected channel to the 

Aencoder
Breceiver
Caudience
Dsender
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Question 302
jamb 2021

Given:
I. Retail
II. Export
III. Transport
IV. Import
V. Insurance
VI. Banking and finance
VII. Wholesale
VIII. Communication. 

Which of the above are aids to trade?

AIII, V, VI and VIII
BI, II, III and VI
CI, III, V, and VI
DII, V, VI and VII
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Question 303
jamb 2021

The activities aimed at finding customers needs and satisfaction can be described as

Aconceptual marketing
Bmacro-marketing
Csocio-marketing
Dmicro-marketing
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Question 304
jamb 2021

A form of money that has gone out of use is

Apaper money
Bcommodity money
Cforeign money
Dbank money
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Question 305
jamb 2021

The conversion of raw materials into finished products creates

Aform utility
Btime utility
Cmarginal utility
Dplace utility
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Question 306
jamb 2021

A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is the

Apre-emptive right
Bover-subscription right
Cex-dividend right
Dshareholders right
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Question 307
jamb 2021

The major objective of corporate mergers is to?

Aminimize the effect of taxation
Bincrease financial advantage
Cenhance economies of sale
Dfacilitate profit maximization
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Question 308
jamb 2021

The main advantage of a sole trader is the freedom to?

Aemploy anyone he likes
Btake quick decision
Cseek advise from any source
Dplough all the profits
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Question 309
jamb 2021

The principle of span of control stipulates that?

AThe number of employees reporting to one superior should be kept to a workable maximum
BAn employee should report to only one superior
CManagers must demand accountability from their subordinates
DResources have to be economized within the various divisions
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Question 310
waec 2020

Which of the following is not an objective of ECOWAS?

Apromotion of a common language
Bimprovement of infrastructural facilities
Cencouragement of free movement of people
Dencouragement of trade among member coutries
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Question 311
waec 2020

A medium of inter-departmental communication is?

Aintercom
Bnotice board
Cradiophone
Dcircular
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Question 312
waec 2020

In delegation of authority, the subordinate offer is?

Aaccountable to his immediate superior
Bresponsible for his superiors actions
Conly answerable to top management
Dexpected to replace his superior
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Question 313
waec 2020

The management function which involves measuring outcomes and taking corrective action to reduce error is?

Astaffing
Borganizing
Cdirecting
Dcontrolling
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Question 314
waec 2020

One of the disadvantages of privatization is that it?

Apromotes inefficiency of staff
Bbrings about economic decline
Creduces government revenue
Dcauses increase in the prices of products
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Question 315
waec 2020

The transfer of ownership of a business from government to the public is?

Acommercialization
Bderegulation
Cprivatization
Dmerger
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Question 316
waec 2020

The additional commission paid to agents for guaranteeing payment is?

Abrokerage
Bdel credere
Cdrawback
Ddemurrage
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Question 317
waec 2020

A person engaged for the purpose of bringing his principal and a third party into a contractual relation is?

Aan arbiter
Ban auctioneer
Can agent
Dmiddlemen
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Question 318
waec 2020

A contract will not be discharged through?

Aacceptance
Baggrement
Cbreach
Dperformance
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Question 319
waec 2020

An agreement that is enforceable in law is?

Aan offer
Ba consideration
Ca contract
Dan acceptance
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Question 320
waec 2020

The marketing term which regards the consumer as king that must be satisfied is?

Amarket segmentation
Bmarket research
Cmarketing concept
Dmarketing mix
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