Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

22

Which of the following is not provided by the post office?

  • A. Recorded delivery service
  • B. Business reply service
  • C. Express delivery service
  • D. After sales service
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23

The practice whereby a firm prepays the postage for the response of its customers is known as

  • A. express delivery
  • B. post restante
  • C. recorded delivery service
  • D. business reply service
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24

A distinctive feature of a personal selling is the

  • A. face to face meeting of seller and buyer
  • B. selling of cheap items only
  • C. sale of industrial goods only
  • D. hawking of goods
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25

People who are against advertising claim that it

  • A. widens the market for consumer goods
  • B. encourages consumers to buy what they do not need
  • C. emphasizes the good feature of a particular product
  • D. promotes competion among firms
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26

Which of the following would be necessary before the introduction of a new product?

  • A. Product differentiation
  • B. Target marketing
  • C. Market research
  • D. Market segmentation
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27

Which of the following would be necessary before the introduction of a new product?

  • A. Product differentiation
  • B. Target marketing
  • C. Market research
  • D. Market segmentation
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28

Which of the following is a means by which a contract of agency could be terminated?

  • A. Mutual agreement
  • B. Lack of consideration
  • C. Failure to insure the contract
  • D. Payment of commission
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29

Which of the following is a means by which a contract of agency could be terminated?

  • A. Mutual agreement
  • B. Lack of consideration
  • C. Failure to insure the contract
  • D. Payment of commission
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30

Which of the following makes it an offense for a trader to make untrue statement about his goods?

  • A. Consumerism
  • B. Consumer Credit Act
  • C. Trade Description Act
  • D. Price Control Act
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31

Which of the following makes it an offense for a trader to make untrue statement about his goods?

  • A. Consumerism
  • B. Consumer Credit Act
  • C. Trade Description Act
  • D. Price Control Act
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32

Commercial activities among West African countries are greatly hindered by

  • A. nationalization decree
  • B. lack of an acceptable medium of exchange
  • C. good road network
  • D. too many commercial banks
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33

Commercial activities among West African countries are greatly hindered by

  • A. nationalization decree
  • B. lack of an acceptable medium of exchange
  • C. good road network
  • D. too many commercial banks
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34

The people involved in the formation of new companies are called?

  • A. members
  • B. directors
  • C. shareholders
  • D. promoters
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35

Which of the following is a function of a stock broker

  • A. Provision of short-term capital
  • B. Giving investment advice
  • C. Regulation of stock exchange practices
  • D. Granting of loans to investors
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36

Which of the following is a function of a stock broker

  • A. Provision of short-term capital
  • B. Giving investment advice
  • C. Regulation of stock exchange practices
  • D. Granting of loans to investors
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37

When a quotation is marked C.W.O , it means

  • A. no credit facility is allowed
  • B. no discount is allowed
  • C. the buyer should beware
  • D. the seller should beware
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38

When a quotation is marked C.W.O , it means

  • A. no credit facility is allowed
  • B. no discount is allowed
  • C. the buyer should beware
  • D. the seller should beware
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39

Time policy in insurance is associated with

  • A. motor vehicles
  • B. ships at sea
  • C. life endowment
  • D. goods in transit
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40

A retail outlet is described as a multiple shop when it

  • A. has many shops under one roof
  • B. sells goods which are not standardized
  • C. sells through catalogue
  • D. deals in one line of goods
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41

A retail outlet is described as a multiple shop when it

  • A. has many shops under one roof
  • B. sells goods which are not standardized
  • C. sells through catalogue
  • D. deals in one line of goods
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42

If the amount of dividend paid varies according to the level of profit; what type of share is involved?

  • A. Cumulative preference share
  • B. Preference share
  • C. Deferred share
  • D. Ordinary share
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