NECO SSCE - Commerce - 2003

For a contract to be valid, there must be

Which of the following risks would an insurance company not prepared to cover?

Which of the following forms of business unit requires a certificate of trading before commencing business?

Combination of methods used by a firm for marketing its product is known as .......

The act of bringing a privately owned business under exclusive state ownership and control is referred to as

A cheque is not a legal tender because it is

Who among the following engages in manufacturing occupation?

The service of a teacher is in the classification of

Re-exporting imported goods to another country is known as ........ trade.

Who takes the initial step to form a company prior to its incorporation?

Shares issued to existing shareholders, without paying for them are referred to as ....... issue.

Who among the following is the last link in the chain of distribution?

A large rental organization with a number of sections selling different goods in the same building is called a ....

Which of the following invites the general public to subscribe for its shares?

The agreement between an exporter and a ship owner to convey goods is known as

The factor of production that combines others factors and bears the risks in production process is

Organizational chart is a diagram showing the

A form of business unit in which members are given patronage allowance is

Shareholder receive......

The word “close-up” as used in toothpaste is a

The second tier security market is an example of

The government regulates business activities through the following measures EXCEPT

The reward of an agent working for a principal is a

Commerce refers to

The 4C’s of credit are

The reward for Labour as a factor of production is

Advertising could be used to achieve all the following EXCEPT

Which of the laws of consumers protection fixes the rate of interest that may be charged on loans?

......is a letter sent to the suppliers requesting details of goods offered for sale

The coming together of two or more companies to form one big viable company is known as

The national headquarters of Niger Basin Commission is at

All the following are members of small-scale retailing EXCEPT

Organization of a wholesale warehouse in a typical company consist of the following EXCEPT ....... department.

A public limited company can borrow from the public to increase its capital by

When a business organization constructs schools and roads for the use of a community. such responsibility is

Which of the following does NOT relate to marine insurance?... policy

The amount which a company is empowered to raise for a business is its

Any member of the public who wants to buy shares in the stock market will first of all meet a/an

Which of the following does not relate to foreign trade?

Sea transport is unsuitable for the movement of

The changing of the original form of an object to a form that can give satisfaction to a want is known as

A discount that is given to middlemen in order to make good profit is called .......... discount.

The branches of Commerce include all the following EXCEPT

Which means of transport is most suitable for moving crude oil, gas and water from Port Harcourt to Kaduna?

The special right of privileges granted to an inventor to make use of what he has invented is known as fundamental right.

One of the barriers to foreign trade is the presence of

A share ducted “Cum div”, means that the dividend for the current year will be paid to the

Which of the following organizations look after harbours, docks and waterways in Nigeria?

Which of the following gives Nigerian’s the opportunity to take active part in industry and commerce?

A document which can be used for both internal and external trade is