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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.

2,221 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

2,221 questions
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Question 1 of 20 2,221 total questions
Question 631
waec 2001
Which of the following is used to advertise of a company?
AMemorandum of association
BArticles of association
CCertificate of incorporation
DProspectus
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Question 632
waec 2001
Which of the following is used to advertise of a company?
AMemorandum of association
BArticles of association
CCertificate of incorporation
DProspectus
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Question 633
waec 2001
Which of the following is most appropriate for a "Cash with order" terms of sale?
AProforma invoice
BCredit note
CDebit note
DConsignment note
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Question 634
waec 2001
Which of the following is a feature of sole proprietorship?
AIssue of shares
BLimited liability
CLimited capital
DLegal entity
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Question 635
waec 2001
Which of the following business must have at least one member with unlimited liability?
ALimited liability company
BLimited partnership
CNominal partnership
DPublic eneterprises
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Question 636
waec 2001
Branding is an aspect of marketing mix associated with?
Aprice
Bproduct
Cplace
Ddistribution
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Question 637
waec 2001

The number of times the average stock of a business is sold within a given period is?

Aturnover
Brate of turnover
Csales return
Dcurrent ratio
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Question 638
waec 2001
The mark-up of a retailer represents the?
Agross profit
Bopening stock
Cclosing stock
Dnet profit
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Question 639
waec 2001
Which of the following classified under production?
ACloth making
BShoe mining
CCoal mining
DRoad construction
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Question 640
waec 2001
hose who are engaged in exploiting natural resources are in?
Aextractive occupation
Bconstructive occupation
Ccommercial occupation
Dmanufacturing occupation
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Question 641
waec 2001
Which of the following best describes commerce?
ABuying and selling goods and services
BBuying, selling and distribution and services
CPreserving goods until they are needed
DMaking goods and services known to people
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Question 642
waec 2000
Which of the following classes of occupation would you place a doctor?
AExtractive
BCommerce
CDirect services
DIndirect services
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Question 643
waec 2000
Which of the following classes of occupation would you place a doctor?
AExtractive
BCommerce
CDirect services
DIndirect services
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Question 644
waec 2000
Which of the following is an agreement to transport goods but not a document of title?
AAir-way bill
BBill of lading
CCharter party
DFreight note
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Question 645
waec 2000
Which of the following is not a right of the consumer?
ASafety
BChoice
CDiscount
DValue
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Question 646
waec 2000
A counter-offer in a contract is regarded as?
Aan acceptance
Ban invitation to treat
Ca rejection
Da consideration
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Question 647
waec 2000

Which of the following is not a requirement for a valid contract?

ARepresention
BConsideration
CInterest
DPerformance
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Question 648
waec 2000
Which of the following is not a means of consumer protection?
APrice control
BSales Goods Act
CTrade Description act
DTax laws
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Question 649
waec 2000
Which of the following is not a means of consumer protection?
APrice control
BSales Goods Act
CTrade Description act
DTax laws
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Question 650
waec 2000

Which of the following agent guarantees payment for transaction entered into on half the principal?

AAuctioneer
BFactor
CBroker
DDel creder
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