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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.

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

88 questions
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Question 1 of 8 88 total questions
Question 41
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 42
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 43
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 44
jamb 2021

The conversion of raw materials into finished products creates

Aform utility
Btime utility
Cmarginal utility
Dplace utility
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Question 45
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 46
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 47
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
View Explanation & Discuss
Question 48
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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