NECO SSCE - Commerce - 2001

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

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

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

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

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What is NOT an advantage of indigenization?

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Which is NOT a public corporation?

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

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

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What best explains the principle of subrogation in insurable?

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

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In which service will a sole trader NOT be found?

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What is NOT a supplementary service of banks?

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What is NOT a source of capital for a business?

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What is the OBJECT of a co-operative society?

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

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The Articles of Association of a company do NOT contain

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Which of NOT a class of preference shares?

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What is the disadvantage of foreign trade?

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Production means

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What is NOT a characteristic of a Private Limited Liability Company?

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The reward of capital as a factor of production is

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

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National income is

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

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Dealing on the Stock Exchange may be either

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lf the price of a good falls and the demand for that good also fall, then that good is .......

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What is an aim of a trade association?

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What is NOT a principle of an insurance contract?

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

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

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What is NOT the function of an entrepreneur?

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The word ‘Commerce’ means

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What is NOT a right of the consumer?

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What is NOT an advantage of combinations (monopolies)?

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

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A syndicate is an/a

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The feature of a supermarket is

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

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

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What is NOT a function of a retailer?

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

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

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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

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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?

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What is NOT an instrument of credit?

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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?

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The term ‘caveat emptor’ means ‘let the

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