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
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Past Questions

4,313 questions
Question 1 of 20 4,313 total questions
Question 831
waec 2010

A firm on the stock exchange which agrees to buy shares not bought after a public offer is

Aa broker
Ba stag
Ca jobber
Dan underwriter
View Explanation & Discuss
Question 832
waec 2010

Which of the following is not a function of a retailer?

AProviding after sales services
BStocking variety of goods
CSelling in small unites to the consumers
DFinancing manufacturers
View Explanation & Discuss
Question 833
waec 2010
The publication of facts from a firm's product is called
Amerchandizing
Bexhibition
Cfeature articles
Dmass advertising
View Explanation & Discuss
Question 834
waec 2010

Which of the following is not contained in a deed of partnership?

ANames and addresses of partners
BRatio for sharing profits and losses
CInvestment of each partner
DRate of taxation
View Explanation & Discuss
Question 835
waec 2010
The practice of selling the product below the cost price to attract customers to a shop is known as
Ahedging
Bloss leader
Cskimming
Dunder-invoicing
View Explanation & Discuss
Question 836
waec 2010

Which of the following is not a feature of co-operative society?

AOwners are the customers
BCapital can be repaid to a member
CVotes are according to shares held
DDividend is based on patronage
View Explanation & Discuss
Question 837
waec 2010

Government financial grants is a source of capital to a

Apartnership
Bpublic limited company
Cpublic corporation
Dco-operative society
View Explanation & Discuss
Question 838
waec 2010

The work of actuaries is to

Aunderwrite insurance risks
Bcalculate insurance premiums
Csettle insurance claims
Dassess profits for insurance companies
View Explanation & Discuss
Question 839
waec 2010

A mortgage bank is primarily concerned with financing the acquisition of

Amotor vehicle
Bresearch equipment
Ccomputer machine
Ddwelling houses
View Explanation & Discuss
Question 840
waec 2010

The legal document that gives a individual power to protect his own piece of invention is called

Acopyright
Blicense
Cpatent right
Dtrademark
View Explanation & Discuss
Question 841
waec 2010

Which of the following is used for a single payment of many people at the same time through a bank instead of writing separate cheques?

ADebit transfer
BCredit transfer
CCertified cheque
DCrossed cheque
View Explanation & Discuss
Question 842
waec 2010

Which of the following is not an advantage of partnership?

ADiversified managerial talents
BGreater financial resources
CFreedom to terminate business
DAccount is not made public
View Explanation & Discuss
Question 843
waec 2010

Which of the following is not a source of fund for sole-proprietorship?

APersonal savings
BBorrowing from friends and relatives
CBorrowing from financial institution
DGovernment bonds
View Explanation & Discuss
Question 844
waec 2010

Which of these qualities guarantees the keeping of money for a long period?

AAcceptability
BDivisibility
CDurability
DHomogenity
View Explanation & Discuss
Question 845
waec 2010

Sole proprietorship is a form of business owned by

Aan individual
Btwo or more persons
Ca registered business subsidiary
Dthe government
View Explanation & Discuss
Question 846
waec 2010

Unlimited liability in business implies that the

Arisk of the owner is limited only to the amount invested
Bdebts are paid with subventions
Cproperty of the owners should not be used to secure loans
Downers private property can be used to settle the business debts
View Explanation & Discuss
Question 847
waec 2010
Which of the following is not a disadvantage of a one-man business?
AUnlimited liability owner
BLife of business limited to life of owner
CPersonal control of business
DDifficulty in raising additional capital
View Explanation & Discuss
Question 848
waec 2010
The provision of adequate number of berths by which ships can load and off-load is the function of the
ADepartment of Customs and Excise
BPorts Authority
CShipping and Forwarding Agent
DNational Shipping Line
View Explanation & Discuss
Question 849
waec 2010

Mobile shopping involves selling

Afrom motor van
Bat a particular spot in the city
Cin multiple shops only
Dfrom a vending machine
View Explanation & Discuss
Question 850
waec 2010

In which of the following are members entitled to one vote, irrespective of the number of shares held?

APublic corporation
BPartnership
CLimited company
DCo-operative society
View Explanation & Discuss
Question Navigator
Current
MathsFaculty