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.

98 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

98 questions
Question 1 of 20 98 total questions
Question 1
waec 2016

A distinctive symbol, title or design that readily identifies the company and its products is?

Apatent right
Btrade mark
Ctrade name
Dbrand name
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Question 2
waec 2016

the process of converting a non profit making organisation to a profit making business is?

Aindigenization
Bprivatization
Cderegulation
Dcommercialization
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Question 3
waec 2016

production ends when goods and services?

Areach the final user
Bare used for manufacturing
Care packed and labelled
Dare sold to the middlemen
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Question 4
waec 2016

if a business uses part of its profit to develop the area where it operates, the business is fulfilling its?

Aeconomic responsibility
Bmarketing responsibility
Csocial responsibility
Dmanagerial responsibility
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Question 5
waec 2016

A general tax which applies at each point of exchange of goods and service is?

Aa specific tax
Ban ad valorem tax
Cvalue added tax
Ddirect tax
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Question 6
waec 2016

a person or firm to whom money is owed is?

Abanker
Bguarantor
Cdebtor
Dcreditor
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Question 7
waec 2016

which of the following person is a part of a business internal environment

Aemployee
Bsupplier
Ccreditor
Dcustomer
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Question 8
waec 2016

one objective of the European Union is to?

Afight the guilty nations in time of war
Beliminate drug addiction among member countries
Celiminate all tariffs and quotas among member countries
Dfight against child abuse in member countries
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Question 9
waec 2016

specializing in the sale of one line of goods is the main feature of?

Asupermarkets
Bchain stores
Cmail order firm
Dmobile shops
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Question 10
waec 2016

the value at which one country obtains another country's currency is?

Aterms of trade
Bexchange rate
Cbank rate
Dterms of payment
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Question 11
waec 2016

goods become the property of the buyer on the transfer of liability and possession without immediate payment under the?

Ahire purchase agreement
Bcredit sales agreement
Cauction sales agreement
Dconditional sales agreement
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Question 12
waec 2016

the component of marketing mix that is put in a consumable form to satisfy the consumer is

Aproduct
Bpromotion
Cprice
Dplace
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Question 13
waec 2016

which of the following is a concept of marketing

Abranding
Bplanning
Corganizing
Dmanufacturing
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Question 14
waec 2016

Regarding the consumer as the king who must be satisfied, the main emphasis is of?

Amarketing research
Bmarketing concept
Cconsumerism
Dadvertising
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Question 15
waec 2016

the production of goods in anticipation for demand is made possible by?

Apackaging
Bwarehousing
Cadvertising
Dbranding
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Question 16
waec 2016

which of the following is a verbal means of communication

Atelex
Bexpress mail
Cbusiness reply service
Dtelephone
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Question 17
waec 2016

the document issued by a warehouse keeper for goods taken into the store is?

Amate receipt
Bbill of sight
Cship manifest
Ddock warrant
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Question 18
waec 2016

The fees charged on postal oder by the post office is?

Ainterest
Bbrokerage
Cpoundage
Dpremium
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Question 19
waec 2016

which of the following functions is not performed by trade association?

Aresearch and development
Bstandardization of product
Ccredit facilities
Dtechnical information
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Question 20
waec 2016

the size of an enterprise is determined by?

Anumber of customers of the enterprise
Blength of the time the firm has been in operation
Camount of capital invested
Dtype of work done
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