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
Question 1 of 20 2,221 total questions
Question 71
waec 2023

A bill of lading that is tagged clean means that the goods being delivered are

Aon credit
Bnot damaged
Cpaid for
Dduty free
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Question 72
waec 2023

An organization that could strive for improvement in electricity and telephone services to users is

Aa trade association
Ba manufacturers' association
Ca manufacturers' association
Da consumers'association
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Question 73
waec 2023

An example of after-sales services is

Asorting and grading of goods
Bgranting of discount
Cprovision of price list and terms
Dfree replacement of parts
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Question 74
waec 2023

Operating a state owned enterprise with the intention of making more profit is

Anationalization
Bderegulation
Cprivatization
Dcommercialization
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Question 75
waec 2023

Industrial, commercial and service are types of

Aspecialization
Boccupation
Cmanufacturing
Dextraction
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Question 76
waec 2023

An element of a valid contract is

Aoperation of law
Bperformance
Cbreach
Dcapacity to contract
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Question 77
waec 2023

The excess value of total assets over total liabilites is

Acapital owned
Bborrowed capital
Cpaid-up capital
Dpaid-up capital
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Question 78
waec 2023

Which of the following is not a factor of production?

ACapital
BStaffing
CLabour
DLand
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Question 79
waec 2022

The agreement which led to the formation of the West African Clearing House was signed in

AGambia
BSierra Leone
CNigeria
DGhana
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Question 80
waec 2022

One of the aims of ECOWAS is to

Apromote commereialization policies
Bpromote commereializati10n policies
Cdiscourage foreign investors
Densure production of quality goods
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Question 81
waec 2022

Which of the following is not a function ol management?

AControlling
BDelegating
CDirecting
DOrganizing
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Question 82
waec 2022

An organizational chart of a company shows the

Aarrangement of equipment in the company
Bfinancial status of employees in the company
Cgeographical location of the company
Dhierarchy of staff in the company
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Question 83
waec 2022

The number of subordinates a head of department supervises is

Aunity of command
Bchain of command
Cspan of control
Dunity of direction
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Question 84
waec 2022

A disadvantage of privatization is

Ahigh motive for profit than public interest
Bdecline in the supply of goods
Cless efficiency in production of goods
Dincrease in government expenditure
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Question 85
waec 2022

A requirement for an offer to be valid is that it should be

Awitnessed by a third party
Bsomething of value
Cmade to one person only
Dcommunicated to the offeree
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Question 86
waec 2022

An agency agreement in which the principal approves the action of his authorized representative is agency by

Aratification
Bnecessity
Cimplication
Destoppel
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Question 87
waec 2022

The purpose of commercialization is to

Amake state-owned firms more efficient
Benable state-owned firms pay tax
Cencourage the flow of foreign capital
Dencourage greater participation of the private sector
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Question 88
waec 2022

The act of removing government laws and allowing market forces to determine prices is

Acommercialization
Bderegulation
Cdivestiture
Dprivatization
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Question 89
waec 2022

The law by which a seller transfers the property in goods to a buyer at an agreed price is the 

AWeights and Measures Act
BTrade Description Act
CSale of Goods Act
DFoods and Drugs Act
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Question 90
waec 2022

Advertisement which is geared towards a particular audience is

Adirect advertising
Bindirect advertising
Cmass advertising
Dpersuasive advertising
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