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.

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

143 questions
Question 1 of 20 143 total questions
Question 51
jamb 2009

Unresolved disputes between the employer and employees are usually referred to the?

Acode of conduct bureau
Bpersonnel unit
Cdisciplinary committee
Dindustrial arbitration tribunal
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Question 52
jamb 2009

The most important attributes in a sale of goods contract are?

Aoffer and consideration
Bprice and goods
Coffer and acceptance
Ddemand and supply
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Question 53
jamb 2009

Marketing skimming is an example of?

Amarket penetration
Bsales promotion
Cpricing policy
Dadvertising
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Question 54
jamb 2009

The concept which focuses on consumers in decision-making is?

Aselling concept
Bmarketing concept
Cproduct concept
Dproduction concept
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Question 55
jamb 2009

The efficiency of an organization is enhanced by?

Agovernment assistance
Bthe host community
Ccustomer support
Dskilled manpower
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Question 56
jamb 2009

An organizational structure that is military in nature is the?

Aline structure
Bstaff structure
Cline and staff structure
Dfunctional structure
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Question 57
jamb 2009

The function which ensures that set objectives are attained by an organization is?

Aplanning
Bdirecting
Cstaffing
Dcontrolling
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Question 58
jamb 2009

The daily official publications of the Nigeria Stock Exchange give detailed information on the?

Achanges in the official rules set by the market
Bmethod of transactions agreed upon by members
Cparticipation of members in a day
Dchanges in the price of securities
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Question 59
jamb 2009

The major dealers on the stock market are the?

Aagents
Bjobbers
Cinvestors
Dbrokers
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Question 60
jamb 2009

The characteristic which ensures that money is free from forgery is its?

Alegality
Bdurability
Crecongnition
Dcredibility
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Question 61
jamb 2009
The manufacturers' Association of Nigeria is an example of a?
Alabour union
Bpressure group
Cconglomerate
Dcartel
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Question 62
jamb 2009

A body established to protect the interest of members against the exploitation of retail traders and manufacturers is the?

Awholesalers' association
Bconsumers association
Cgovernment agency
Dworkers' union
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Question 63
jamb 2009
if a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the percentage of gross profit on sale?
A30.5%
B20.5%
C20.0%
D10.0%
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Question 64
jamb 2009

The circulating capital of a business enterprise is classified into?

Acash, work-in-progress and debtors
Bcash,vehicles, land and buildings
Cdebtors , stock of raw materials and fittings
Dpre-payments, debtors and equipment
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Question 65
jamb 2009

The financial instrument that entitles the holder to receive dividend and capital gains is a?

Ashare
Bbond
Cbill of exchange
Dtreasury bill
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Question 66
jamb 2009
The type of partnership in which all partners are jointly liable in bearing risk is?
Alimited partnership
Bpartnership-at-will
Cordinary partnership
Dindustral partnership
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Question 67
jamb 2009
Partnerships are most effective where?
Athe partners are family friends
Bprofessionals are involved
Cmembers can easily raise enough capital
Dgovernment regulations are favorable
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Question 68
jamb 2009
In a public limited liability company, planning is carried out by?
Athe chairman of the board
Bthe board of directors
Cshareholders
Demployees
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Question 69
jamb 2009

One of the major problems of a sole proprietor is sourcing for?

Araw materials
Blabour
Cmachineries
Dfunds
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Question 70
jamb 2009

Warehousing is important to manufacturers because it helps to?

Aimprove the quality of goods
Bproduce goods in advance
Cmeet the demand of customers
Ddetermine input rquirements
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