NECO SSCE - Commerce - 2009

Sole proprietors finance their businesses through

The major advantage of using a vending machine is that

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

information and communication technology is advantageous to the banking industry because

The quickest and most accurate means of communication is

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

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

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

Foreign trade transactions are carrried out through the use of

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

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

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

The factors responsible for large scale production of durable goods are

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

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

A major disadvantage of the mainframe computer is its

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

A hire purchase transaction becomes a sale when the hirer

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

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

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

One objective of privatization is the

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

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

Commerce aids the development of any economy as it

A country’s balance of payments is divided into

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

One of the functions of the stock exchange is to

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

The profit received by a member of a cooperative society is

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

A non-insurable risk is exemplified by

The branding of manufacturers goods aids

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

An association of two or that each cannot handle alone is

A function of a retailer is to

The benefits that students derive from tourism 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?

Failure to pay an employees wage is a breach of

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

A factor that hinders the achievement of ECOWAS objectives is

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

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