NECO SSCE - Commerce - 2007

Which of the following is an objective of regional economic grouping?

The most suitable mode of transport for conveying gas and liquid within Nigeria is

Which of the following regards the consumer as king?

A disadvantage of commercialization of public enterprises in Nigeria is that it

The fee for sending a telegram depends on the

Public debt management is one of the functions of a ----- bank

The building of schools and hospitals for communities by some oil companies in Niger Delta of Nigeria is an example of

When the supplier changes a retailer for not returning empty packages, the supplier sends him a/an

The following are methods of quoting prices EXCEPT

Shares, stocks, government bonds trade in the stock exchange marks: are known as

A document that is sent by the seller to the buyer to indicate an increase in the annual owes is

An example of service rendering trade association is

An example of a secured loan is

Shares that are fully paid can be converted into bulks known as

Telecommunication services are provided by

The department responsible for recruitment and promotion of staff is

Which of the following is NOT true of a cheque as a means of payment? It

Another name for a foreign order is

The amount receivable by shareholders after the declaration of profit is called

Use the following information to answer question

Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Cost of goods sold is

The final stage in the production process is

“Be a millionaire” a slogan adopted by one of them G.S.M providers is an example of

A marketing term the for the presentation of goods in a neatly wrapped container is

Coal mining is an example of

The actual amount of share capital a company is allowed to issue to the public is the ---- capital

The reply to a letter of inquiry is a/an

A financial document stating the reasons for making a payment and details of the payment is

The principle of insurance that prevents the insured from benefiting in an event where he suffers no material or financial loss is

A Speculator in the stock exchange who buys shares hope that prices will rise is called

The practice of selling some goods below market price to attract more customers is known as

Which of the following relies on subvention as the main source of capital?

Income distribution, nature of natural resources, investment etc. forms part of -----business environment.

The process of passing information from one person to another in an organization is known as

In which order are the following documents used?

I. Enquiry
II. Delivery note
III. Order
IV. Invoice
V. Quotation

Use the following information to answer question

Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
The rate of stock turnover is?

An arrangement in insurance which provides for the payment of a stipulated sum either at death or the expiration of a stated period is known as ……….

The authority that transfers to a third party the shard right to vote is called

Which of the following is an invisible item of trade?

Adeleke places his vehicle for sale at N150,000,00 Ibrahim had agreed to pay the amount. In this Trans: Adeleke is the

The combination of product, price,

The payment made by government to producers to enable them reduce price is known as

The most suitable mode of transporting very bulky goods from Lagos to Kaduna is the

Which of the following is NOT true of a cheque as a means of payment? It

When a cheque has R/D written on it, it means that the cheque

From the date of issue, cheques are valid for-----------months.

The losses incurred in the running of Public Corporations are borne by the

Use the following information to answer question

Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Kolawole’s average stock is?

Which of the following is NOT a function of Commerce?