Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

64

Which of the following is used to advertise of a company?

  • A. Memorandum of association
  • B. Articles of association
  • C. Certificate of incorporation
  • D. Prospectus
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65

Which of the following is most appropriate for a “Cash with order” terms of sale?

  • A. Proforma invoice
  • B. Credit note
  • C. Debit note
  • D. Consignment note
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66

Which of the following is most appropriate for a “Cash with order” terms of sale?

  • A. Proforma invoice
  • B. Credit note
  • C. Debit note
  • D. Consignment note
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67

Which of the following is a feature of sole proprietorship?

  • A. Issue of shares
  • B. Limited liability
  • C. Limited capital
  • D. Legal entity
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68

Which of the following business must have at least one member with unlimited liability?

  • A. Limited liability company
  • B. Limited partnership
  • C. Nominal partnership
  • D. Public eneterprises
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69

Branding is an aspect of marketing mix associated with?

  • A. price
  • B. product
  • C. place
  • D. distribution
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70

Branding is an aspect of marketing mix associated with?

  • A. price
  • B. product
  • C. place
  • D. distribution
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71

The number of times the average stock of a business is sold within a given period is?

  • A. turnover
  • B. rate of turnover
  • C. sales return
  • D. current ratio
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72

The mark-up of a retailer represents the?

  • A. gross profit
  • B. opening stock
  • C. closing stock
  • D. net profit
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73

The mark-up of a retailer represents the?

  • A. gross profit
  • B. opening stock
  • C. closing stock
  • D. net profit
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74

Which of the following classified under production?

  • A. Cloth making
  • B. Shoe mining
  • C. Coal mining
  • D. Road construction
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75

hose who are engaged in exploiting natural resources are in?

  • A. extractive occupation
  • B. constructive occupation
  • C. commercial occupation
  • D. manufacturing occupation
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76

Which of the following best describes commerce?

  • A. Buying and selling goods and services
  • B. Buying, selling and distribution and services
  • C. Preserving goods until they are needed
  • D. Making goods and services known to people
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