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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.

99 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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Past Questions

99 questions

Question 1 of 20 99 total questions

Question 31

jamb 2012

A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a

Acommission agent

Bdel credere agent

Cbroker

Dfactor

View Explanation & Discuss

Question 32

jamb 2012

Good and services are made available to consumers through

Athe channel of distribution

Bsales promotion

Cthe advertising agency

Dthe middle men

View Explanation & Discuss

Question 33

jamb 2012

An organization which focuses on consumer satisfaction is practicing

Aconsumerism

Bmarket segmentation

Cselling concept

Dmarketing concept

View Explanation & Discuss

Question 34

jamb 2012

One of the characteristics of a good organizational chart is that it should

Abe rigid

Bshow government policy

Cfacilitate communication

Dbe acceptable

View Explanation & Discuss

Question 35

jamb 2012

The promotion of team spirit in an organization is referred to as

Aunity of direction

Bespirit de corps

Cunity of purpose

Ddiscipline

View Explanation & Discuss

Question 36

jamb 2012

Under what management function will the motivation of employees fall

Astaffing

Bcontrolling

Corganizing

Ddirecting

View Explanation & Discuss

Question 37

jamb 2012

Securities that entitle the investor to coupon rates are

Abonds

Bequities

Cwarrants

Dtreasury bills

View Explanation & Discuss

Question 38

jamb 2012

The promotion and protection of trade industry and agriculture through trade fairs is a function of

ANACRDB

BNACCIMA

Cthe consumer protection council

Dthe chamber of commerce

View Explanation & Discuss

Question 39

jamb 2012

The main objective of a trade association is to

Aprotect its members against litigation

Bboost the trade of its members

Csecure credit for its members

Dprotect its members against victimization

View Explanation & Discuss

Question 40

jamb 2012

Given:

opening stock #1,800
purchases #2,800
sales #8,000
closing stock # 350
carriage on sales # 500

calculate the value of the unused stock.

A#800

B#500

C#350

D#320

View Explanation & Discuss

Question 41

jamb 2012

A company has an authorized capital of 40 million shares at N1 each, out of which 32 million are issued and fully paid-up. What happens to the remaining 8 million shares?

Ait has been issued but not paid-up

Bit has been applied for but not issued

Cit is not paid-up

Dit has not yet been issued

View Explanation & Discuss

Question 42

jamb 2012

The portion of the authorized share capital given out to the public for subscription is

Acalled-up capital

Bissued capital

Cpaid-up capital

Dreserved capital

View Explanation & Discuss

Question 43

jamb 2012

A business organization can obtain long term financing through

Abank overdraft

Bthe sale of shares

Ccredit purchases

Dbureau de change

View Explanation & Discuss

Question 44

jamb 2012

A feature common to public and private limited liability companies is that

Aboth can sue and be sued

Bthe minimum number of their shareholders is five

Cthe transfer of their shares is not restricted

Dtheir annual accounts are published for public use

View Explanation & Discuss

Question 45

jamb 2012

In case of a liquidation of a public limited liability company, those that are first paid are

Aordinary shareholders

Bprefernce shareholders

Ccumulative preference shareholders

Ddebenture holders

View Explanation & Discuss

Question 46

jamb 2012

The most important business objective is to

Aimprove investments

Bprovide quality products

Ctarget consumers for satisfaction

Dcarve a niche for the business

View Explanation & Discuss

Question 47

jamb 2012

A business organization that exploits the capabilities of a member to remedy the weaknesses of another is

Ajoint venture

Bpartnership

Cnominal partnership

Dcooperative

View Explanation & Discuss

Question 48

jamb 2012

The type of letters that are delivered through the normal mail or by airmail express service is referred to as

Ainland letters

Bregistered letters

Cairmail letters express letters

Dexpress letters

View Explanation & Discuss

Question 49

jamb 2012

Tourism serves the purpose of

Across-cultural understanding and peaceful interaction

Bopening values for leaving the country

Ceconomic development and naturilization

Dexploiting the country's natural endowment

View Explanation & Discuss

Question 50

jamb 2012

A person who undertakes life insurance is said to be an

Ainsurer

Bassurer

Cassured

Dinsured

View Explanation & Discuss

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