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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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Question 851

waec 2010

Small scale retailers continue to survive inspite of serious competition from large scale retailers because they

Abuy from many manufacturers

Bmaintain personal relationship with customers

Cstock only one line of goods in their stalls

Ddo not separate business money from personal money

View Explanation & Discuss

Question 852

waec 2010

Which of the following describes the reason for international trade

ABalance of payment

BComparative cost advantage

CAbsolute cost advantage

DBalance of trade

View Explanation & Discuss

Question 853

waec 2010

If a businessman wants to insure against dishonesty of the cashier, he will take

Aburglary policy

Ban employer's liability cover

Ca fidelity guarantee cover

Da consequential loss policy

View Explanation & Discuss

Question 854

waec 2010

Which of the following can quote its shares on the stock exchange

APartnership

BSole-proprietorship

CCo-operative society

DPublic limited company

View Explanation & Discuss

Question 855

waec 2010

A bonded warehouse is a place for keeping

Acontraband goods

Bdutiable goods

Ctax free goods

Dsmuggled goods

View Explanation & Discuss

Question 856

jamb 2010

In e-banking, ATM means

AAuthentic Teller Manchine

BAutmatic Teller Machine

CAll-purpose Teller Machine

DAutomated Teller Machine

View Explanation & Discuss

Question 857

jamb 2010

One way by which a business can discharge its social responsibility to its community is to?

Ahold monthly meetings of its customers

Bbuilding houses for its executives

Caward scholarship to staff children

Dbuild public health centres

View Explanation & Discuss

Question 858

jamb 2010

A device that enables the downloading of information from the internet is the?

Afloppy drive

Bcompact disk

Cmodem

Dbluetooth

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Question 859

jamb 2010

The major problem confronting Cyber Cafe operators is?

Aadvance fee fraud by clientele

Bpoor network coverage

Chigh operating costs

Dcopyright voilations by clients

View Explanation & Discuss

Question 860

jamb 2010

The central working system of a computer used for data processing is the?

Amemory unit

Bmonitor

Cfloppy disk drive

Dhard drive

View Explanation & Discuss

Question 861

jamb 2010

A printed copy of processed information from the computer is the?

Asoft copy

Bfile copy

Cscanned copy

Dhard copy

View Explanation & Discuss

Question 862

jamb 2010

Which of the following is a function of consumerism?

AProtecting consumers' rights

Bproviding consumers' choice

Cproviding consumers' needs

DMaking profiteering impossible

View Explanation & Discuss

Question 863

jamb 2010

The difference between trademark and patent right is that the latter?

Agives exclusive right to import a particular good

Bis conferred by the government

Cconfers monopoly on a product

Dconfers exclusive right to publish literary works

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Question 864

jamb 2010

An agency contract must involve?

Aa principal and a consumer

Ba principal and a producer

Ca principal and a third party

Da principal and an agent

View Explanation & Discuss

Question 865

jamb 2010

An opportunity to reject a binding contract at will by a third party is said to be a?

Avalid contract

Bquasi contract

Cvoidable contract

Dconditional contract

View Explanation & Discuss

Question 866

jamb 2010

The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through?

Apublic relations

Badvertising

Csales promotion

Drebranding

View Explanation & Discuss

Question 867

jamb 2010

The label on a product such as 'pampers' is a type of?

Atrademark

Bbranding

Cpackaging

Dpatent right

View Explanation & Discuss

Question 868

jamb 2010

The best pricing strategy for a company that produces warm clothing is?

Atarget return pricing

Bbid pricing

Cvariable pricing

Dproduct line pricing

View Explanation & Discuss

Question 869

jamb 2010

The main concern of marketing concept is to?

Areduce the number of retail outlets

Bidentify consumer needs and satisfy them

Cincrease sales to meet consumers needs

Dencourage division of labour

View Explanation & Discuss

Question 870

jamb 2010

The conversion of raw materials into finished goods leads to the creation of?

Aform utility

Bproduct utility

Cpossession utility

Dplace utility

View Explanation & Discuss

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