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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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Past Questions

4,313 questions
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Question 1 of 20 4,313 total questions
Question 971
waec 2008
Babou Penn, a fisherman says he has all necessary materials to go to sea today, except the captain of his boat . Captain here as a factor of production refers to
Aenterpreneur
Bcapital
Clabour
Dland
View Explanation & Discuss
Question 972
waec 2008
Production is defined as
Aan industrial activity
Bcreation of utilities
Cthe exchange of goods and services
Dchanging of raw materials into finished goods
View Explanation & Discuss
Question 973
waec 2008
Which of the following is not a function of commerce?
AFacilitates mass production of goods
BAssists in raising capital
CCreates goods and services
DOffers employment
View Explanation & Discuss
Question 974
waec 2008
Commerce can be defined as the
Aexchange of goods and services
Bdistribution and exchange of goods and services
Cdistribution of services at home
Dexport of services
View Explanation & Discuss
Question 975
jamb 2008

Which software program can be used to generate financial reports from a company's client list?

AMS Word
BDatabase
CMS Excel
DAdobe
View Explanation & Discuss
Question 976
jamb 2008

A computer component that decodes and interprets instructions and also directs program implementation is?

Amemory unit
Bcentral processing unit
Ccontrol unit
Dsystem unit
View Explanation & Discuss
Question 977
jamb 2008

Which of the following is a form of social responsibility of a business?

ASelling goods at cheaper prices
BUsing the best technology available
CMaintaining tidy and safe environment
DMeeting contractor's obligations
View Explanation & Discuss
Question 978
jamb 2008

A factor in a business environment which increases the rate of product obsolescence is?

Atechnology
Bpolitical
Clegal
Deconomic
View Explanation & Discuss
Question 979
jamb 2008

The practice whereby government relinquishes its ownership interest in a public enterprises is?

Acommercialization
Bindegenization
Cprivatization
Dnationalization
View Explanation & Discuss
Question 980
jamb 2008

The body charged with divesting government interests in public enterprises is?

ASON
BNPC
CBPE
DNDE
View Explanation & Discuss
Question 981
jamb 2008

When an employee incurs expenses while executing his normal duty, the employer is responsible for his?

Asafety
Bfamily's security
Cfamily's welfare
Dindemnification
View Explanation & Discuss
Question 982
jamb 2008
The implied provisions in every sale of goods as contained in the Sales of Goods Act of 1893 are conditions and?
Aconsideration
Bsureties
Cwarranties
Dguaranties
View Explanation & Discuss
Question 983
jamb 2008

An agreement between two parties which is enforceable by law is a?

Apromise
Bwarranty
Ccontract
Dcondition
View Explanation & Discuss
Question 984
jamb 2008

The coordinating section of the central processing unit that manages the flow of data is the?

Aarithematic logic unit
Bcontrol unit
Cmagnetic unit
Dregister
View Explanation & Discuss
Question 985
jamb 2008

An example of a non-insurable risk is?

Aburglary
Bspeculation
Cfire
Daccident
View Explanation & Discuss
Question 986
jamb 2008

The sum of money paid by a policy-holder to an insurer is referred to as?

Ainterest
Bpremium
Cgross profit
Dsales revenue
View Explanation & Discuss
Question 987
jamb 2008

A historical building is a feature of?

Acultural tourism
Bindustrial tourism
Cagricultural tourism
Decological tourism
View Explanation & Discuss
Question 988
jamb 2008
The development of tourism in Nigeria will enhance?
Aagriculture
Brevenue generation
Cexport
Dlabour mobility
View Explanation & Discuss
Question 989
jamb 2008
The fear of many communities concerning tourism development is the?
Ainfluence of foreign culture
Bfear of disease transmission
Cfear of pollution
Dreligious intolerance
View Explanation & Discuss
Question 990
jamb 2008

A major factor hindering effective communication process is?

Aclimate condition
Bsocial unrest
Cdistance
Dnoise
View Explanation & Discuss
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