NECO SSCE - Commerce - 2001 (Objective)

The insurer who insures the same risk with more than one insurer can only recover to the extent of the loss and nothing more, in the occurrence of the event

The insured discloses all the material facts which would affect the premium which the insurer charges

Antwortdetails

Lies die Unterrichtsnotiz zu Legal Aspect Of Business (WAEC)

Legal Aspect Of Business

Antwort anzeigen

Frage 6 Bericht

What is NOT a suitable reason for the growth in large retail business?

distribution of wealth through expansion of retail outlets because there is great profit

improved transportation system which makes people able to move about easily to buy goods

low cost per unit of goods resulting from economics of large scale

people’s willingness to migrate from rural areas to towns for white collar jobs Richtige Antwort

rise in standards of living of people resulting from improved wages/salaries

Antwortdetails

Lies die Unterrichtsnotiz zu Purchase And Sale Of Goods (JAMB)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Purchase And Sale Of Goods

Commerce

Antwort anzeigen

Frage 7 Bericht

What is NOT a source of capital for a business?

borrowing from somewhere

issuing of dividend warrant Richtige Antwort

retained profit

issuing of shares

personal savings

Antwortdetails

Lies die Unterrichtsnotiz zu Financing Business (JAMB)

Lies die Unterrichtsnotiz zu Business Capital And Profits (WAEC)

Financing Business

Business Capital And Profits

Antwort anzeigen

Frage 8 Bericht

.
C.
ln which business is profit shared amongst the shareholders on the basis of patronage?

co-operative society Richtige Antwort

joint stock company

partnership

public company

sole proprietorship

Antwortdetails

Lies die Unterrichtsnotiz zu Business Capital And Profits (WAEC)

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Business Capital And Profits

Occupation

Antwort anzeigen

Frage 9 Bericht

What is NOT an instrument of credit?

bills of exchange

cheque

money order

postal order

source document Richtige Antwort

Antwortdetails

Lies die Unterrichtsnotiz zu Money (JAMB)

Money

Antwort anzeigen

Frage 10 Bericht

Which term means that for the price quoted, transporting the goods is ‘free’ up to the time it is placed on board a carrier?

carriage paid (Cge. Pd.)

cost on delivery (C.O.D.)

ex-ship

free on board (F.O.B.) Richtige Antwort

free on rail (F.O.R.)

Antwortdetails

Lies die Unterrichtsnotiz zu Trade (WAEC)

Trade

Antwort anzeigen

Frage 11 Bericht

The bringing of ownership and management of a former private industry under the control of the government is called

corporation

industrialization

nationalization Richtige Antwort

participation

privatization

Antwortdetails

Antwort anzeigen

Frage 12 Bericht

The feature of a supermarket is

having central control from head-office

sales common household goods Richtige Antwort

sales of goods without owning shops

similarity in shops’ frontages

that there are many shops under a roof

Antwortdetails

Lies die Unterrichtsnotiz zu Purchase And Sale Of Goods (JAMB)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Aids-to-Trade (JAMB)

Purchase And Sale Of Goods

Commerce

Aids-to-Trade

Antwort anzeigen

Frage 13 Bericht

National income is

excess on balance of payment

excess on balance of trade

income gotten from international trade

money value of goods and services produced in a given period Richtige Antwort

revenue available to the government

Antwortdetails

Lies die Unterrichtsnotiz zu Government Policies Relating To Business (WAEC)

Lies die Unterrichtsnotiz zu Business Environment And Social Responsibility (JAMB)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Government Policies Relating To Business

Business Environment And Social Responsibility

Commerce

Antwort anzeigen

Frage 14 Bericht

What is a statement of account? It is a/an

note to inform the customer of an addition to his business transaction

original letter sent to customer asking them to settle their bills

statement of acceptance of credit facilities to a customer

summary of customer’s transactions for a given period Richtige Antwort

summation of goods sold to a customer for a particular item

Antwortdetails

Antwort anzeigen

Frage 15 Bericht

.......... is NOT a principle of insurance

utmost good faith

particular average Richtige Antwort

indemnity

subrogation

insurable interest

Antwortdetails

Lies die Unterrichtsnotiz zu Legal Aspect Of Business (WAEC)

Legal Aspect Of Business

Antwort anzeigen

Frage 16 Bericht

Which union is formed by the workers of firms of similar line of business to cater for their interests?

co-operative

employees

firms

trade Richtige Antwort

welfare

Antwortdetails

Lies die Unterrichtsnotiz zu Trade (WAEC)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Occupation (WAEC)

Trade

Commerce

Occupation

Antwort anzeigen

Frage 17 Bericht

Which is NOT a public corporation?

National Electric Power Authority

National Examinations Council Richtige Antwort

Nigerian Airways

Nigerian Railway

Ports Authority

Antwortdetails

Lies die Unterrichtsnotiz zu Advertising (WAEC)

Lies die Unterrichtsnotiz zu Production (WAEC)

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Lies die Unterrichtsnotiz zu Occupation (WAEC)

Advertising

Production

Occupation

Antwort anzeigen

Frage 18 Bericht

What is NOT a principle of an insurance contract?

contribution

indemnity

insurable interest

premium Richtige Antwort

subrogation

Antwortdetails

Lies die Unterrichtsnotiz zu Legal Aspect Of Business (WAEC)

Legal Aspect Of Business

Antwort anzeigen

Frage 19 Bericht

What is NOT an advantage of direct distribution of goods to the consumer by the manufacturer?

closer contact market trends, etc.

decrease in bad debts

greater intensiveness of the sales campaign Richtige Antwort

no trading discounts need be allowed

sales are more accurately and efficiently made to the consumer

Antwortdetails

Antwort anzeigen

Frage 20 Bericht

In the stock exchange what is the day when the parties to a transaction decide whether the bargain should be completed held over until the next settlement?

account Richtige Antwort

contango

making- up

name

ticket

Antwortdetails

Lies die Unterrichtsnotiz zu Stock Exchange (JAMB)

Stock Exchange

Antwort anzeigen

Frage 21 Bericht

ln stock exchange, the buyer is NOT entitled to the dividend when the stock is quoted

clean

cum-dividend

double barrelled

ex-dividend Richtige Antwort

firm

Antwortdetails

Lies die Unterrichtsnotiz zu Stock Exchange (JAMB)

Stock Exchange

Antwort anzeigen

Frage 22 Bericht

What is NOT a function of a retailer?

granting credit to consumers

guiding the consumers in making their choices

insuring goods for consumers Richtige Antwort

paying personal attention to consumers

providing goods wanted by the consumers

Antwortdetails

Antwort anzeigen

Frage 23 Bericht

In which service will a sole trader NOT be found?

business consultant

electrician

decorator

National Electric Power Authority Richtige Antwort

surveyor

Antwortdetails

Antwort anzeigen

Frage 24 Bericht

The term ‘caveat emptor’ means ‘let the

account be settled’

buyer beware’ Richtige Antwort

debtor be careful’

manufacturer beware'

seller beware'

Antwortdetails

Lies die Unterrichtsnotiz zu Purchase And Sale Of Goods (JAMB)

Purchase And Sale Of Goods

Antwort anzeigen

Frage 25 Bericht

The Articles of Association of a company do NOT contain

a method of dealing with any alterations in the amount of capital Richtige Antwort

a method of sharing profits and the payment of dividends

a procedure for calling general meeting/method of voting

the amount of the authorized capital, showing its division into shares

the issue, transfer and forfeiture of shares

Antwortdetails

Lies die Unterrichtsnotiz zu Legal Aspects Of Business (JAMB)

Lies die Unterrichtsnotiz zu Legal Aspect Of Business (WAEC)

Legal Aspects Of Business

Legal Aspect Of Business

Antwort anzeigen

Frage 26 Bericht

What is NOT a means of Central Bank’s controlling the credit policy of commercial banks?

banker's bank

bank rate

cash /liquidity ratio

funding operations Richtige Antwort

open market operations

Antwortdetails

Lies die Unterrichtsnotiz zu Financing Business (JAMB)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Production (JAMB)

Lies die Unterrichtsnotiz zu Money (JAMB)

Financing Business

Commerce

Production

Money

Antwort anzeigen

Frage 27 Bericht

Dealing on the Stock Exchange may be either

‘for cash or ‘for hire’

‘for jobber’ or 'for broker’

'for cash' or 'for account

‘for cash’ or‘ for credit’ Richtige Antwort

‘for bull’ or ‘ for bear’

Antwortdetails

Lies die Unterrichtsnotiz zu Stock Exchange (JAMB)

Stock Exchange

Antwort anzeigen

Frage 28 Bericht

Production means

changing the form of a good at any stage from the raw material to the finished products

increasing economic welfare of people by producing more goods and services

moving goods from one place to another for proper use

the amount of satisfaction derived from the consumption of goods and services

the provision of goods and services which are capable of satisfying human wants Richtige Antwort

Antwortdetails

Lies die Unterrichtsnotiz zu Production (WAEC)

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Production

Occupation

Antwort anzeigen

Frage 29 Bericht

What is NOT a right of the consumer?

a healthy environment

be heard

to be informed

get value for money spent

save money on food and drugs Richtige Antwort

Antwortdetails

Lies die Unterrichtsnotiz zu Purchase And Sale Of Goods (JAMB)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Purchase And Sale Of Goods

Commerce

Occupation

Antwort anzeigen

Frage 30 Bericht

What is NOT a supplementary service of banks?

agents for payment Richtige Antwort

custody of valuables

dealing in foreign exchange

investments

referees

Antwortdetails

Lies die Unterrichtsnotiz zu Financing Business (JAMB)

Lies die Unterrichtsnotiz zu Purchase And Sale Of Goods (JAMB)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Trade (JAMB)

Lies die Unterrichtsnotiz zu Stock Exchange (JAMB)

Financing Business

Purchase And Sale Of Goods

Commerce

Trade

Stock Exchange

Antwort anzeigen

Frage 31 Bericht

Under what form of life insurance policy is premium paid over an agreed number of years and the sum assured is paid either at the end of that specified time or when the policy holder dies, whichever comes first?

annuity

deterred annuity

endowment Richtige Antwort

term

whole life

Antwortdetails

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Trade (JAMB)

Commerce

Trade

Antwort anzeigen

Frage 32 Bericht

The affairs of the co-operative society are in the hands of the

Board of directors

Board of trustees

Executive members Richtige Antwort

Registrar of Co-operatives

Shareholders

Antwortdetails

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Occupation

Antwort anzeigen

Frage 33 Bericht

A voluntary body formed by members of a particular branch of trade or industry to represent the interests of members is known as

co-operative society

industrial association

manufacturers’ association

trade and industry practitioners

trade association Richtige Antwort

Antwortdetails

Antwort anzeigen

Frage 34 Bericht

What is NOT a concern of the Food and Drug Department of the Federal Ministry of Health?

co-operating with the appropriate agencies to bring about effective price control Richtige Antwort

educating the consumers on drug abuse

encouraging consumers to eat a more sensible and balanced diet and avoid fatty foods

requiring drug manufacturers to provide printed prescription for certain drugs

requiring drug manufacturers to test the safety and effectiveness of drugs before marketing

Antwortdetails

Lies die Unterrichtsnotiz zu Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Antwort anzeigen

Frage 35 Bericht

What is the disadvantage of foreign trade?

encourages dumping Richtige Antwort

encourages specialization

facilitate transfer of technology

makes available products that can not be produced by a country

widens the world market

Antwortdetails

Lies die Unterrichtsnotiz zu Trade (WAEC)

Lies die Unterrichtsnotiz zu Production (JAMB)

Trade

Production

Antwort anzeigen

Frage 36 Bericht

The word ‘Commerce’ means

buying and selling of goods and services

exchange and distribution of goods and services Richtige Antwort

life-blood of every nation

production of utilities

trade and all the services which assist trade

Antwortdetails

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Commerce

Antwort anzeigen

Frage 37 Bericht

What is the rate of turnover of Amura Ajita’s business?

5 Richtige Antwort

5.3

5.4

5.7

Antwortdetails

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Commerce

Antwort anzeigen

Frage 38 Bericht

A document which makes it obligatory on the part of the seller to supply the goods or services if the inquirer accepts the conditions stated therein is called Alan

inquiry

order Richtige Antwort

invoice

quotation

receipt

Antwortdetails

Lies die Unterrichtsnotiz zu Purchase And Sale Of Goods (JAMB)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Purchase And Sale Of Goods

Commerce

Antwort anzeigen

Frage 39 Bericht

The reward of capital as a factor of production is

dividend

interest Richtige Antwort

profit

rent

wages

Antwortdetails

Antwort anzeigen

Frage 40 Bericht

What is an aim of a trade association?

protection of members’ interests Richtige Antwort

watching government legislation which may affect members interests

encouraging the introduction of standard grades and sizes of goods

making arrangements for the settlement of disputes

exchanging information and creating uniformity in methods of dealing

Antwortdetails

Lies die Unterrichtsnotiz zu Trade Associations (WAEC)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Trade Associations

Commerce

Antwort anzeigen

Frage 41 Bericht

Which of NOT a class of preference shares?

cumulative

debenture Richtige Antwort

. non-cumulative

participating

redeemable

Antwortdetails

Antwort anzeigen

Frage 42 Bericht

What is NOT an advantage of indigenization?

lt enhances the development of private initiative

lt ensures that important social services are provided at affordable cost Richtige Antwort

lt ensures that Nigerians control and run the business enter-prize of their country

It fosters and accelerates the pace of industrial development

There is a saving in foreign exchange

Antwortdetails

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Production (JAMB)

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Commerce

Production

Occupation

Antwort anzeigen

Frage 43 Bericht

What is NOT an advantage of combinations (monopolies)?

bender opportunity to expand operations

fall in the cost of selling Richtige Antwort

pool of specialized managerial skills

centralized management

danger of over-capitalization

Antwortdetails

Lies die Unterrichtsnotiz zu Production (JAMB)

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Production

Occupation

Antwort anzeigen

Frage 44 Bericht

What is the OBJECT of a co-operative society?

diversify the members’ produce tor international purpose

gain freedom in marketing the members’ produce

indulge in large scale production and earn huge profits

popularize government policies among the members

provide an agency for meeting the economic needs of members Richtige Antwort

Antwortdetails

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Occupation (WAEC)

Commerce

Occupation

Antwort anzeigen

Frage 45 Bericht

What is NOT a function of the chambers of commerce? They

arbitrate and settle disputes among members

collect and pass important information to all members and the general public

consult and co-operate with government on matters of trade and industry

make members aware of government policies concerning customs and regulations Richtige Antwort

serve as media for the expression of the opinions of employers on matters relating to employment

Antwortdetails

Lies die Unterrichtsnotiz zu Trade (WAEC)

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Production (JAMB)

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Trade

Commerce

Production

Occupation

Antwort anzeigen

Frage 46 Bericht

ln partnership business, the maximum number of persons for its formation is

five

fifteen

ten

twenty Richtige Antwort

twenty five

Antwortdetails

Lies die Unterrichtsnotiz zu Occupation (JAMB)

Occupation

Antwort anzeigen

Frage 47 Bericht

What is NOT a lecture of a co-operative society?

banks easily lend money to them

it is a corporate body with a right to sue and be sued Richtige Antwort

members have to buy shares to form the initial capital

members have equal opportunity in the control of the society

there is no liability after shareholding is fully paid

Antwortdetails

Lies die Unterrichtsnotiz zu Commerce (JAMB)

Lies die Unterrichtsnotiz zu Occupation (WAEC)

Commerce

Occupation

Antwort anzeigen






Drücken und Halten zum Ziehen
Hier klicken, um zu schließen