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JAMB and WAEC Commerce questions

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

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

  1. Question 341· Forms of business organisation· JAMB

    A business owned and controlled by one person is a

    Explanation and discussion

  2. Question 342· Forms of business organisation· JAMB

    Members of a consumers' cooperative society share surplus mainly in proportion to their

    Explanation and discussion

  3. Question 343· Forms of business organisation· WAEC

    Shareholders of a limited company have

    Explanation and discussion

  4. Question 344· Forms of business organisation· JAMB

    When government sells its shares in a state-owned company to private investors, this is

    Explanation and discussion

  5. Question 345· Forms of business organisation· JAMB

    Dissolution of a partnership may occur when

    Explanation and discussion

  6. Question 346· Forms of business organisation· JAMB

    Under CAMA 2020, the minimum number of members needed to form a private company is

    Explanation and discussion

  7. Question 347· Forms of business organisation· WAEC

    A partner who lends his name to a firm but contributes no capital is a

    Explanation and discussion

  8. Question 348· Forms of business organisation· JAMB

    A public corporation such as a state water board is owned by

    Explanation and discussion

  9. Question 349· Forms of business organisation· WAEC

    The document that governs the internal affairs of a company is the

    Explanation and discussion

  10. Question 350· Forms of business organisation· JAMB

    A private limited company in Nigeria must have the word

    Explanation and discussion

  11. Question 351· Forms of business organisation· JAMB

    The document that regulates the internal management of a limited company is the

    Explanation and discussion

  12. Question 352· Forms of business organisation· JAMB

    Mrs Okon runs a provision shop alone. Her biggest risk as a sole proprietor is

    Explanation and discussion

  13. Question 353· Forms of business organisation· WAEC

    The maximum number of members in an ordinary partnership is usually

    Explanation and discussion

  14. Question 354· Forms of business organisation· JAMB

    The Nigerian Enterprises Promotion Decree of 1972 aimed to

    Explanation and discussion

  15. Question 355· Forms of business organisation· JAMB

    Company P owns 70% of the shares of companies Q and R. P is

    Explanation and discussion

  16. Question 356· Forms of business organisation· JAMB

    A merger is

    Explanation and discussion

  17. Question 357· Forms of business organisation· JAMB

    Under CAMA, companies in Nigeria are registered with the

    Explanation and discussion

  18. Question 358· Forms of business organisation· WAEC

    The document setting out the rules for the internal running of a company is the

    Explanation and discussion

  19. Question 359· Forms of business organisation· WAEC

    The document that governs the internal management of a company is the

    Explanation and discussion

  20. Question 360· Forms of business organisation· WAEC

    A public company issues a prospectus to

    Explanation and discussion

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