Commerce Past Questions

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1,707 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

1,707 questions
Question 1 of 20 1,707 total questions
Question 461
jamb 2010

Which of the following is a function of consumerism?

AProtecting consumers' rights
Bproviding consumers' choice
Cproviding consumers' needs
DMaking profiteering impossible
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Question 462
jamb 2010

The difference between trademark and patent right is that the latter?

Agives exclusive right to import a particular good
Bis conferred by the government
Cconfers monopoly on a product
Dconfers exclusive right to publish literary works
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Question 463
jamb 2010

An agency contract must involve?

Aa principal and a consumer
Ba principal and a producer
Ca principal and a third party
Da principal and an agent
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Question 464
jamb 2010

An opportunity to reject a binding contract at will by a third party is said to be a?

Avalid contract
Bquasi contract
Cvoidable contract
Dconditional contract
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Question 465
jamb 2010

The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through?

Apublic relations
Badvertising
Csales promotion
Drebranding
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Question 466
jamb 2010

The label on a product such as 'pampers' is a type of?

Atrademark
Bbranding
Cpackaging
Dpatent right
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Question 467
jamb 2010

The best pricing strategy for a company that produces warm clothing is?

Atarget return pricing
Bbid pricing
Cvariable pricing
Dproduct line pricing
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Question 468
jamb 2010

The main concern of marketing concept is to?

Areduce the number of retail outlets
Bidentify consumer needs and satisfy them
Cincrease sales to meet consumers needs
Dencourage division of labour
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Question 469
jamb 2010

The conversion of raw materials into finished goods leads to the creation of?

Aform utility
Bproduct utility
Cpossession utility
Dplace utility
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Question 470
jamb 2010
Which of the following is a matter of personal preference on the part of a superior officer?
AUnity of command
BSpan of control
CDelegation of anthority
DUnity of direction
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Question 471
jamb 2010

The three components of staffing are?

Arecruitment, interview and appointment
Brecruitment, test and placement
Crecruitment, selection and appointment
Drecruitment, selection and placement
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Question 472
jamb 2010

A prerequisite for admission into the Second Tier Securities Market is for a company to?

Amake 20% of its equity share available to the public for subscription
Bhave a minimum of 100 shareholders
Chave a maximum of 100 shareholders
Dmake 10% of its equity share available to the public for subscription
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Question 473
jamb 2010

The instrument used in the capital market is?

Atreasury bills
Bbill of exchange
Cstock
Ddebenture
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Question 474
jamb 2010

A characteristics of money which ensures that its value is not lost is?

Ahomogeneity
Beasy portability
Cdivisibility
Drelative scarcity
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Question 475
jamb 2010

One of the functions of NACCIMA is?

Anegotiating with labour unions in matters of wages and conditions of service
Bpooling of members' resources for long-term investment
Cdisseminating information to members on matters relating to tariffs
Densuring uniformity in labour matters and industrial relations
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Question 476
jamb 2010

A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each.
What is its capital?

AN60,000
BN36,000
CN54,000
DN90,000
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Question 477
jamb 2010

An arrangement by independent firms to share the market of their products on quota basis is referred to as?

Atrust
Bintegration
Csyndicate
Dcartel
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Question 478
jamb 2010
One of the main features of a partnership is?
Alimited liability
Black of corporate existence
Cunlimited membership
Dlack of utual confidence
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Question 479
jamb 2010

The warehouse that is owned and controlled by the government is a?

Awholesalers' warehouse
Bpublic warehouse
Cstate warehouse
Dmanufaturers' warehouse
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Question 480
jamb 2010
A major hindrance to tourism growth in Nigeria is?
Aabsence of genunie tour operators
Black of tourism master plan
Cinadequate tourist centres
Dnon-compliance to immigration laws
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