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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.

4,313 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2

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4,313 questions

Question 1 of 20 4,313 total questions

Question 531

jamb 2017

The letters E and OE stands for __________?

AErrors of exception

BErrors and omissions excepted

CEstimated and order error

DEnd of error

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Question 532

jamb 2017

The process of converting a non-profit making organisation to a profit-making business is ________?

Aindigenisation

Bprivatisation

Cderegulation

Dcommercialisation

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Question 533

jamb 2017

At the collapse of a business enterprises, the person appointed to dispose off the assets is called ________?

Aan auctioneer

Ba broker

Ca liquidator

Dan auditor

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Question 534

jamb 2017

An instrument used in lieu of legal tender is known as ______?

AToken money

Bcommodity money

Cfiat money

Drepresentative

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Question 535

jamb 2017

The factor of production that is relatively indestructible and immobile is _______?

Acapital

Blabour

Cland

Drent

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Question 536

jamb 2017

An agreement that is enforceable in law is ________?

Aa contract

Ban offer

Can acceptance

Da consideration

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Question 537

jamb 2017

A bill of exchange already accepted can be discounted by the holder in ______?

Athe central bank

Bat least two banks

Chis bank

Dany bank

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Question 538

jamb 2017

Which of the following legislation aims primarily at the protection of consumers?

ALaw of contract

BTrade description Act

CCompany's Act

DPartnership Act

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Question 539

waec 2016

A distinctive symbol, title or design that readily identifies the company and its products is?

Apatent right

Btrade mark

Ctrade name

Dbrand name

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Question 540

waec 2016

the process of converting a non profit making organisation to a profit making business is?

Aindigenization

Bprivatization

Cderegulation

Dcommercialization

View Explanation & Discuss

Question 541

waec 2016

production ends when goods and services?

Areach the final user

Bare used for manufacturing

Care packed and labelled

Dare sold to the middlemen

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Question 542

waec 2016

if a business uses part of its profit to develop the area where it operates, the business is fulfilling its?

Aeconomic responsibility

Bmarketing responsibility

Csocial responsibility

Dmanagerial responsibility

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Question 543

waec 2016

A general tax which applies at each point of exchange of goods and service is?

Aa specific tax

Ban ad valorem tax

Cvalue added tax

Ddirect tax

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Question 544

waec 2016

a person or firm to whom money is owed is?

Abanker

Bguarantor

Cdebtor

Dcreditor

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Question 545

waec 2016

which of the following person is a part of a business internal environment

Aemployee

Bsupplier

Ccreditor

Dcustomer

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Question 546

waec 2016

one objective of the European Union is to?

Afight the guilty nations in time of war

Beliminate drug addiction among member countries

Celiminate all tariffs and quotas among member countries

Dfight against child abuse in member countries

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Question 547

waec 2016

specializing in the sale of one line of goods is the main feature of?

Asupermarkets

Bchain stores

Cmail order firm

Dmobile shops

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Question 548

waec 2016

the value at which one country obtains another country's currency is?

Aterms of trade

Bexchange rate

Cbank rate

Dterms of payment

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Question 549

waec 2016

goods become the property of the buyer on the transfer of liability and possession without immediate payment under the?

Ahire purchase agreement

Bcredit sales agreement

Cauction sales agreement

Dconditional sales agreement

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Question 550

waec 2016

the component of marketing mix that is put in a consumable form to satisfy the consumer is

Aproduct

Bpromotion

Cprice

Dplace

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