JAMB and WAEC Commerce questions

611 questions with answers and explanations. Tap an option to check yourself.

All topics Advertising and marketing · 32 Business management and environment · 32 Commerce and its scope · 31 Communication · 33 Computers and ICT in business · 29 Consumer protection · 30 Documents used in trade · 34 Elements of commercial law · 31 Financing a business · 32 Foreign trade · 40 Forms of business organisation · 40 Home trade: retail and wholesale · 40 Insurance · 39 Money and banking · 40 Occupation and production · 33 The stock exchange · 34 Transport · 33 Warehousing · 28

Question 321· Foreign trade· JAMB
A certificate of origin shows
Explanation and discussion
Question 322· Foreign trade· JAMB
An invoice sent by an exporter to show the price and terms before an order is placed is the
Explanation and discussion
Question 323· Foreign trade· WAEC
A bill of lading is issued by a
Explanation and discussion
Question 324· Foreign trade· WAEC
A ban on importing a particular commodity is called
Explanation and discussion
Question 325· Forms of business organisation· WAEC
A partner who contributes capital but takes no part in management is a
Explanation and discussion
Question 326· Forms of business organisation· WAEC
Profits of a consumers' cooperative society are shared according to
Explanation and discussion
Question 327· Forms of business organisation· WAEC
A cooperative society formed by farmers to sell their produce together is a
Explanation and discussion
Question 328· Forms of business organisation· WAEC
A franchise allows a business to
Explanation and discussion
Question 329· Forms of business organisation· WAEC
A consumer cooperative society aims to
Explanation and discussion
Question 330· Forms of business organisation· JAMB
In a partnership, a partner who contributes capital but takes no part in running the business is a
Explanation and discussion
Question 331· Forms of business organisation· JAMB
A merger occurs when
Explanation and discussion
Question 332· Forms of business organisation· WAEC
A sole proprietor's liability for business debts is
Explanation and discussion
Question 333· Forms of business organisation· JAMB
The document that states a company's name, objects and the liability of its members is the
Explanation and discussion
Question 334· Forms of business organisation· WAEC
Under CAMA 2020, a private company may have at most
Explanation and discussion
Question 335· Forms of business organisation· JAMB
A joint venture is
Explanation and discussion
Question 336· Forms of business organisation· WAEC
Public corporations in Nigeria are owned by
Explanation and discussion
Question 337· Forms of business organisation· JAMB
The certificate that allows a public company to begin business after incorporation was traditionally the
Explanation and discussion
Question 338· Forms of business organisation· WAEC
A public company invites the public to buy its shares through a
Explanation and discussion
Question 339· Forms of business organisation· JAMB
Under Nigerian company law, an ordinary partnership carrying on business for profit may have at most
Explanation and discussion
Question 340· Forms of business organisation· WAEC
Chidi runs a small provision shop alone, takes every decision and keeps all the profit. His business is a
Explanation and discussion

Practise Commerce like the real exam. A timed CBT, your score, and the topics to fix.

Start a Commerce test

JAMB and WAEC Commerce questions

A certificate of origin shows

An invoice sent by an exporter to show the price and terms before an order is placed is the

A bill of lading is issued by a

A ban on importing a particular commodity is called

A partner who contributes capital but takes no part in management is a

Profits of a consumers' cooperative society are shared according to

A cooperative society formed by farmers to sell their produce together is a

A franchise allows a business to

A consumer cooperative society aims to

In a partnership, a partner who contributes capital but takes no part in running the business is a

A merger occurs when

A sole proprietor's liability for business debts is

The document that states a company's name, objects and the liability of its members is the

Under CAMA 2020, a private company may have at most

A joint venture is

Public corporations in Nigeria are owned by

The certificate that allows a public company to begin business after incorporation was traditionally the

A public company invites the public to buy its shares through a

Under Nigerian company law, an ordinary partnership carrying on business for profit may have at most

Chidi runs a small provision shop alone, takes every decision and keeps all the profit. His business is a