Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

The following information in the image above was extracted from the books of Lompat Ventures as at December 31, 2022.

a[i] Calculate:

 Net profit

a[ii] Calculate:

Working capital

a[iii] Calculate:

Rate of stock turnover

a. State two differences between marketing and selling

b. List four main elements of marketing mix

c. Country Z has decided to leave the Economic Community of West African State (ECOWAS). As the adviser on the regional group, explain four benefits the country could derive from remaining in the group.

a. What is tourism?

b[¡] State one negative effect of tourism on each of the following:

economy

b[¡¡] State one negative effect of tourism on each of the following:

b[¡¡¡] State one negative effect of tourism on each of the following:

environment

c[i] State two positive effects of tourism on each of the following:

economy

c[ii] State two positive effects of tourism on each of the following:
society

c[iii] State two positive effects of tourism on each of the following:
environment

a. Differentiate between indent and quotation

b[¡] State four functions of each of the following organizations:

export promotion council

b[¡¡] State four functions of each of the following organizations:
customs and excise authority

a. As an employee of the stock exchange market, explain to a group of investors five securities they could trade in.

b. State five duties of an agent to his principal.

a. State four functions of warehousing

b[¡] State two features of each of the following retail outlets:
chain stores
 

b[¡¡] State two features of each of the following retail outlets:
mobile shop

b[¡¡¡] State two features of each of the following retail outlets:
mail order business

a. Victor and Samba have been partners for two years. They have had disagreements throughout the period and Samba requested for a dissoultion of the partnership so that he could start a sole proprietorship.

State five problems Samba could face as a sole trader
 

b. Victor and Samba have been partners for two years. They have had disagreements throughout the period and Samba requested for a dissoultion of the partnership so that he could start a sole proprietorship.

State five benefits Samba could enjoy if he remained in the partnership

a. Explain five factors that delayed the growth of commerce in West Africa

b[¡] Using appropriate headings, classify the following workers.
– oil driller

b[¡¡] Using appropriate headings, classify the following workers.
– potter

b[¡¡¡] Using appropriate headings, classify the following workers.
– policemen

b[¡v] Using appropriate headings, classify the following workers.
– brewer

b[v¡] Using appropriate headings, classify the following workers.
– mason

b[v¡¡] Using appropriate headings, classify the following workers.
– farmer

In a contract of sale, the amount deposited with the seller for a particular product by a buyer is

One of the barriers to foreign trade is

A duty of the principal to his agent is to

The bank that conducts research on an economy, thereby identifying obstacles to growth is the

Use the diagram to answer the question

The instrument will not be valid on

Use the diagram to answer the question

The two lines on the instrument shows that it is

Use the diagram to answer the question

The instrument in the diagram is a

The management function that is concerned with coordinating business resources efficiently is

An advantage of advertising is that

The department that ensures that products are made available to consumers is

A source of capital to a cooperative society is

The rate at which a country’s export exchange for its imports is

An organizational chart is used to