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 581· Transport· JAMB
The contract under which a ship is hired for a particular voyage or period is the
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Answer: A. charter party
Explanation and discussion
Question 582· Transport· JAMB
The factor that determines the choice of transport for perishable goods is mainly
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Answer: A. speed
Explanation and discussion
Question 583· Transport· JAMB
A way bill is a document that
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Answer: C. lists goods carried by road or rail
Explanation and discussion
Question 584· Warehousing· JAMB
Warehousing helps to stabilise prices by
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Answer: C. releasing goods when supply is short
Explanation and discussion
Question 585· Warehousing· JAMB
Import duty on goods in a bonded warehouse may be paid
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Answer: D. in instalments as the goods are withdrawn
Explanation and discussion
Question 586· Warehousing· JAMB
Proper warehousing reduces losses from
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Answer: A. deterioration, theft and fire
Explanation and discussion
Question 587· Warehousing· JAMB
A warehouse warrant is
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Answer: B. a document of title to goods stored
Explanation and discussion
Question 588· Warehousing· JAMB
A public warehouse is
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Answer: A. available for use by any member of the public for a fee
Explanation and discussion
Question 589· Warehousing· WAEC
A warehouse keeper's warrant is
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Answer: A. a document of title to goods in a warehouse
Explanation and discussion
Question 590· Warehousing· JAMB
A warehouse owned by government or a company and rented out to traders is
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Answer: C. a public warehouse
Explanation and discussion
Question 591· Warehousing· WAEC
A bonded warehouse is owned or controlled by
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Answer: D. customs authorities or licensed operators
Explanation and discussion
Question 592· Warehousing· JAMB
Manufacturers keep their own warehouses mainly to
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Answer: B. store raw materials and finished goods
Explanation and discussion
Question 593· Warehousing· WAEC
A warehouse owned by a manufacturer for its own goods is
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Answer: D. a private warehouse
Explanation and discussion
Question 594· Warehousing· WAEC
Goods in a bonded warehouse may be
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Answer: B. re-exported without paying import duty
Explanation and discussion
Question 595· Warehousing· WAEC
A warehouse owned by a manufacturer for storing its own goods is a
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Answer: D. private warehouse
Explanation and discussion
Question 596· Warehousing· JAMB
A warehouse is best located
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Answer: C. near transport routes, markets or production centres
Explanation and discussion
Question 597· Warehousing· JAMB
A bonded warehouse is used to store
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Answer: D. imported goods on which duty has not been paid
Explanation and discussion
Question 598· Warehousing· WAEC
A warehouse near a seaport mainly serves to
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Answer: B. store imported goods before distribution
Explanation and discussion
Question 599· Warehousing· WAEC
A cold room is a warehouse for
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Answer: C. perishable goods
Explanation and discussion
Question 600· Warehousing· WAEC
A document that shows ownership of goods in a warehouse and can be transferred is a
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Answer: A. warehouse warrant
Explanation and discussion

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JAMB and WAEC Commerce questions

The contract under which a ship is hired for a particular voyage or period is the

The factor that determines the choice of transport for perishable goods is mainly

A way bill is a document that

Warehousing helps to stabilise prices by

Import duty on goods in a bonded warehouse may be paid

Proper warehousing reduces losses from

A warehouse warrant is

A public warehouse is

A warehouse keeper's warrant is

A warehouse owned by government or a company and rented out to traders is

A bonded warehouse is owned or controlled by

Manufacturers keep their own warehouses mainly to

A warehouse owned by a manufacturer for its own goods is

Goods in a bonded warehouse may be

A warehouse owned by a manufacturer for storing its own goods is a

A warehouse is best located

A bonded warehouse is used to store

A warehouse near a seaport mainly serves to

A cold room is a warehouse for

A document that shows ownership of goods in a warehouse and can be transferred is a