NECO SSCE - Commerce - 2009

A legal document representing a promise by a company to pay back a loan over a period of time is referred to as a

Sole proprietors finance their businesses through

An electronic system of communication which serves as the international information bank is called

A major disadvantage of the mainframe computer is its

A system in which a group of persons are appointed to carry out special duties of policy and decision-making is referred to as the

In the Sale of Goods Act, goods which have been identified and agreed upon at the time of contract are called

The individuals who conceive the idea of a company and undertake to fulfill the legal requirements for the venture are the

The contribution of a department towards the attainment of corporate goals is its

A mutual compromise between the central bank and other banks on strategies for economic activities is reached through

The factors responsible for large scale production of durable goods are

An element of the marketing mix that is concerned with feature and quality is

A management function which reflects effective identification and grouping of work is

The profit received by a member of a cooperative society is

Failure to pay an employees wage is a breach of

Foreign trade transactions are carrried out through the use of

The luxurious boats used for passengers from one town to another are

Kola who had an accident was taken to hospital by Kemi. Kola promised to give Kemi N 500 when discharged. Kola failed to fulfil his promise. Which of the following is legally correct?

The transfer of risks from an insurer to another insurer for premium is referred to as

The effective dissemination of information about products is a social responsibility of a company to its

Which of the following is the best form of sales promotion?

A function of a retailer is to

A factor that hinders the achievement of ECOWAS objectives is

The branding of manufacturers goods aids

A hire purchase transaction becomes a sale when the hirer

An unconditional order by a creditor to a debtor requiring payment on a specified date is called

A country’s balance of payments is divided into

One of the primary functions of the thrift, credit and loans cooperative society is to

A document issued by financial organizations to enable holders to buy goods on credit is called

The quickest and most accurate means of communication is

One of the functions of the stock exchange is to

information and communication technology is advantageous to the banking industry because

The trade that takes place when imported goods are re-exported is known as

The price of an item is N 300 with a trade discount of 20%, What is the selling price?

The inflationary conditions of a country and her interest rate constitute her

The type of advertising that influences consumer's choice of products is

The benefits that students derive from tourism are

Personal selling is important to a business because it can be used to

Free editorial space or time not paid for by an organization is called

The major advantage of using a vending machine is that

One objective of privatization is the

An association of two or that each cannot handle alone is

A non-insurable risk is exemplified by

Commerce aids the development of any economy as it

The construction of dams, irrigation drains and navigation major responsibility of the