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 351
waec 2019

The difference between commercialization and privatization is that commercialized businesses

Aare government-owned while privatized businesses are owned by individuals
Bare non-profit making ventures while privatized businesses are profit oriented
Ccan sell shares while privatized businesses cannot
Demploys more workers than privatized businesses
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Question 352
waec 2019

The combination of business activities of Abbas Ltd and Denko Ltd to form one large company is 

Aan amalgamation
Ba consortium
Can acquisition
Da cartel
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Question 353
waec 2019

A customer who wishes to withdraw an amount greater than the balance in his current account would apply for?

Aa standing order
Ban overdraft
Ca loan
Da credit transfer
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Question 354
waec 2019

Which of the following is not an economic grouping in West Africa?

ALake Chad Basin Commission
BEconomic Community Of West African States
CEuropean Union
DNiger Basin Commission
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Question 355
waec 2019

A source of capital to a public company which attracts a fixed rate of interest is

Aan ordinary share
Ba subvention
Ca debenture
Dan overdraft
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Question 356
waec 2019

The headquarters of the Mano River Union is in

AFreetown
BMonrovia
CConakry
DAbidjan
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Question 357
waec 2019

The restructuring of a government enterprise with the intention of making it profit oriented is

Aprivatization
Bnationalization
Ccommercialization
Dderegulation
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Question 358
waec 2019

Which of the following business units could be commercialized? 

Apublic corporation
Bcooperative society
Cprivate company
Dsole proprietorship
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Question 359
waec 2019

The management term which refers to the number of staff a superior officer can efficiently supervise is 

Adelegation of authority
Bdivision of labour
Cunity of command
Dspan of control
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Question 360
waec 2019

Which of the following roles is performed by middle management in an organization?

Aformation of objectives and strategies
Breview of master plans, programmes and budgets
Creview and appraisal of operational results
Dimplementation of organizational plans and objectives
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Question 361
waec 2019

A new offer of contract that terminates the original offer is

Aa void contract
Ba counter offer
Can invalid offer
Dquasi contract
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Question 362
waec 2019

An agreement in which Phillip paid half of a car and accepted to pay the rest in instalments is a 

Acondition sale contract
Bcredit sale contract
Chire purchase contract
Dhaulage contract
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Question 363
waec 2019

An agent whose authority, as conferred by the principal, has no limit is a 

Adel credere agent
Bgeneral agent
Cuniversal agent
D
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Question 364
waec 2019

The marketing concept emphasizes the need to

Aidentify and satisfy customers wants
Bmaximize foreign investment
Cmaximize profit for the company
Dbuild a strong and solid brand
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Question 365
waec 2019

Which of the following types of advertising is aimed at taking away existing buyers from their slippers?

ANegative
Bcompetitive
Cinformative
Dmass
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Question 366
waec 2019

The element of a contract are offer,

Aacceptance and performance
Bconsideration and performance
Clegality and formality
Dacceptance and consideration
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Question 367
waec 2019

Good customer service practice requires

Acharging high prices so as to make profit
Bhanging up customers` calls when busy
Cpatience towards ill-mannered customers
Dpromoting hard working employees
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Question 368
waec 2019

A diagram showing the positions of the structure of a company is

Aspan of control
Borganizational chart
Cvertical integration
Dflowchart
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Question 369
waec 2019

Which of the following activities increases demands for goods and services

Aadvertising
Bbanking
Ctransportation
Dwarehousing
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Question 370
waec 2019

One of the factors which determines the choice of transport for goods is the

Acost of purchasing the mode of transport
Bmaintenance cost of the mode of transport
Cnumber of users of the mode of transport
Dnature of the goods to be transported
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