NECO SSCE - Commerce - 2002 (Objective)

Pergunta 1 Relatório

What is the fastest means of sending documents from one place to another

courier services Resposta correta

express letters

parcels

quick delivery

registered letters

Detalhes da Resposta

Ler a nota de aula em Transport, Tourism, Communication And Warehousing (WAEC)

Ler a nota de aula em Occupation (JAMB)

Transport, Tourism, Communication And Warehousing

Occupation

Ver Resposta

Pergunta 2 Relatório

What is NOT a function of marketing?

changing the nature of the marketable goods

enlargement of the market

export promotion

provision of employment

segmenting the market Resposta correta

Detalhes da Resposta

Ler a nota de aula em Purchase And Sale Of Goods In Home And Foreign Trade (WAEC)

Ler a nota de aula em Purchase And Sale Of Goods (JAMB)

Ler a nota de aula em Elements Of Marketing (JAMB)

Purchase And Sale Of Goods In Home And Foreign Trade

Purchase And Sale Of Goods

Elements Of Marketing

Ver Resposta

Pergunta 3 Relatório

Which is the banker of all commercial banks in the country?

Central Bank of Nigeria Resposta correta

Federal Mortgage Bank of Nigeria

Nigerian Bank for Commerce and industry

National Bank of Nigeria

Nigeria Industrial Development Bank

Detalhes da Resposta

Ler a nota de aula em Commerce (JAMB)

Commerce

Ver Resposta

Pergunta 4 Relatório

What is a characteristic of a public limited company?

The dividend is shared equally

Shares are not dealt with in the stock exchange

Shares are offered freely to members

The liabilities are not limited

There is no limit to the number of members Resposta correta

Detalhes da Resposta

Ler a nota de aula em Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Ver Resposta

Pergunta 5 Relatório

The main reason for Government ownership of a public enterprise is to provide

education and electricity

electricity only

essential services Resposta correta

loans for the people

roads and electricity

Detalhes da Resposta

Ver Resposta

Pergunta 6 Relatório

Marketing mix consists of

place, planning, play and price

planning, controlling and organizing

product, place, price and promotion Resposta correta

promotion, play, planning and price

price, planning, promotion and price

Detalhes da Resposta

Ler a nota de aula em Elements Of Marketing (JAMB)

Elements Of Marketing

Ver Resposta

Pergunta 7 Relatório

Goods that are not useful by themselves, but help in the production of other desired goods are called ....... goods.

capital Resposta correta

convenience

giffen

industrial

specialty

Detalhes da Resposta

Ler a nota de aula em Production (WAEC)

Production

Ver Resposta

Pergunta 8 Relatório

Which is a Public Monopoly?

John Holt Nigeria plc

Lever Brothers Nigeria plc

National Electric Power Authority Resposta correta

PZ Nigeria plc

United Africa Company Ltd

Detalhes da Resposta

Ler a nota de aula em Trade (WAEC)

Trade

Ver Resposta

Pergunta 9 Relatório

The process by which the government takes over private business is known as

commercialization

indigenization

nationalization Resposta correta

naturalization

privatization

Detalhes da Resposta

Ler a nota de aula em Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Ver Resposta

Pergunta 10 Relatório

The best definition of Communication in Commerce is

distribution of information

movement of files

movement of goods and passengers

storing information

transmission of information Resposta correta

Detalhes da Resposta

Ler a nota de aula em Information And Communication Technology (ict) (JAMB)

Information And Communication Technology (ict)

Ver Resposta

Pergunta 11 Relatório

Which insurance principle indicates that only the person who might suffer financial loss will be allowed to take out insurance?

indemnity

insurable interest Resposta correta

pooling of risks

subrogation

uberrimae tides

Detalhes da Resposta

Ler a nota de aula em Legal Aspect Of Business (WAEC)

Legal Aspect Of Business

Ver Resposta

Pergunta 12 Relatório

The fastest and most accurate means of passing information is

airmail letter

express letter

registered letter

telephone Resposta correta

Detalhes da Resposta

Ler a nota de aula em Information And Communication Technology (ict) (JAMB)

Information And Communication Technology (ict)

Ver Resposta

Pergunta 13 Relatório

Which business unit has a membership range of 2-50?

Cooperative Society

Partnership

Private Limited Company Resposta correta

Public Enterprise

Public Limited Company

Detalhes da Resposta

Ler a nota de aula em Business Units (WAEC)

Business Units

Ver Resposta

Pergunta 14 Relatório

Bonded warehouses are controlled by

clearing and forwarding agents

custom and excise Resposta correta

export promotion council

marketing boards

port authority

Detalhes da Resposta

Ver Resposta

Pergunta 15 Relatório

Who has no right of ownership to a business organization?

debenture holder Resposta correta

entrepreneur

partner

share-holder

sole proprietor

Detalhes da Resposta

Ler a nota de aula em Production (JAMB)

Ler a nota de aula em Occupation (JAMB)

Production

Occupation

Ver Resposta

Pergunta 16 Relatório

A business activity that directs the flow of goods and services from the producer to the consumer is called

advertising

communication

insurance

marketing Resposta correta

personal selling

Detalhes da Resposta

Ler a nota de aula em Elements Of Marketing (JAMB)

Elements Of Marketing

Ver Resposta

Pergunta 17 Relatório

Goods invoiced at N5,000.00 were sold to Adegoke at less 2½% trade discount. How much would he pay

N2,875

N3,875

N4,875 Resposta correta

N5,175

N5,125

Detalhes da Resposta

Ler a nota de aula em Purchase And Sale Of Goods (JAMB)

Ler a nota de aula em Commerce (JAMB)

Purchase And Sale Of Goods

Commerce

Ver Resposta

Pergunta 18 Relatório

Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?

auctioneer

chamber of commerce

del-credere agent

insurance agent

stock broker Resposta correta

Detalhes da Resposta

Ler a nota de aula em Stock Exchange (JAMB)

Stock Exchange

Ver Resposta

Pergunta 19 Relatório

Grouping consumers based on their purchasing habits is called market

development

expansion

orientation

segmentation Resposta correta

selection

Detalhes da Resposta

Ler a nota de aula em Elements Of Marketing (JAMB)

Elements Of Marketing

Ver Resposta

Pergunta 20 Relatório

An already existing line of product is advertised in order to

build brand recognition

develop customers’ awareness

entertain customers

introduce a price deal

retain old customers Resposta correta

Detalhes da Resposta

Ler a nota de aula em Advertising (WAEC)

Ler a nota de aula em Elements Of Marketing (JAMB)

Advertising

Elements Of Marketing

Ver Resposta

Pergunta 21 Relatório

Reorganization of public enterprises to run as profit-making ventures is called

commercialization Resposta correta

indigenization

industrialization

nationalization

privatization

Detalhes da Resposta

Ler a nota de aula em Commerce (JAMB)

Commerce

Ver Resposta

Pergunta 22 Relatório

A businessman started with N100,000 and spent N80,000 in buying premises and equipment. The balance of N20,000 is his

authorized capital

called-up capital

capital employed

fixed capital

working capital Resposta correta

Detalhes da Resposta

Ler a nota de aula em Trade (WAEC)

Ler a nota de aula em Business Capital And Profits (WAEC)

Trade

Business Capital And Profits

Ver Resposta

Pergunta 23 Relatório

The reputation and good image benefits arising from the business connections of a firm are called

commission

dividend

goodwill Resposta correta

interest

profit

Detalhes da Resposta

Ler a nota de aula em Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Ver Resposta

Pergunta 24 Relatório

Another name for exchange of goods or other goods is called

barter Resposta correta

buying

credit

selling

specialization

Detalhes da Resposta

Ler a nota de aula em Trade (WAEC)

Ler a nota de aula em Commerce (JAMB)

Trade

Commerce

Ver Resposta

Pergunta 25 Relatório

The greatest weapon of the buyer against the activities of false advertisers is

consumer education Resposta correta

manufacturer's education

marketing education

producer‘s education

salesmanship

Detalhes da Resposta

Ler a nota de aula em Advertising (WAEC)

Ler a nota de aula em Elements Of Marketing (JAMB)

Advertising

Elements Of Marketing

Ver Resposta

Pergunta 26 Relatório

Aids to trade refers to

advertising, insurance, export and import

advertising, transport, banking, insurance and warehousing Resposta correta

banking, insurance and import only

insurance, trade, banking and retailer

trade, export, transport, advertising and import

Detalhes da Resposta

Ler a nota de aula em Aids-to-Trade (JAMB)

Aids-to-Trade

Ver Resposta

Pergunta 27 Relatório

Assets of a business which can easily be changed into cash are called

authorized capital

current liabilities

fixed assets

liquid capital

paid-up capital Resposta correta

Detalhes da Resposta

Ver Resposta

Pergunta 28 Relatório

What is NOT an essential element of a valid contract?

acceptance

compensation Resposta correta

consideration

legality

offer

Detalhes da Resposta

Ler a nota de aula em Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Ver Resposta

Pergunta 29 Relatório

A situation where a consumer's need is the focus of attention is regarded as

consumer orientation

marketing concept Resposta correta

market research

market segmentation

sales orientation

Detalhes da Resposta

Ler a nota de aula em Elements Of Marketing (JAMB)

Elements Of Marketing

Ver Resposta

Pergunta 30 Relatório

The document usually sent to each customer by the bank periodically showing the balance outstanding in an account is known as

balance sheet

petty cash voucher

receipt

statement of account Resposta correta

voucher

Detalhes da Resposta

Ler a nota de aula em Purchase And Sale Of Goods (JAMB)

Ler a nota de aula em Commerce (JAMB)

Ler a nota de aula em Trade (JAMB)

Purchase And Sale Of Goods

Commerce

Trade

Ver Resposta

Pergunta 31 Relatório

A common legal association which exists when one party, known as the principal authorizes another party to enter into contract is called

agency

contract agreement

legal relation

offer and acceptance

valid contract Resposta correta

Detalhes da Resposta

Ler a nota de aula em Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Ver Resposta

Pergunta 32 Relatório

What is defined as an agreement to pay an initial deposit for an object and then pay the balance in regular instalments while having the use of the object”?

conditional sales

credit sales

hire purchase Resposta correta

leasing

trade-in sales

Detalhes da Resposta

Ler a nota de aula em Commerce (JAMB)

Ler a nota de aula em Occupation (JAMB)

Commerce

Occupation

Ver Resposta

Pergunta 33 Relatório

Which feature of money facilitates small transactions?

divisibility Resposta correta

durability

portability

recognisability

scarcity

Detalhes da Resposta

Ler a nota de aula em Money (JAMB)

Money

Ver Resposta

Pergunta 34 Relatório

What covers the risk which an employer may suffer as a result of the dishonesty of an employee?

accident insurance

export credit insurance

fidelity guarantee insurance Resposta correta

fire insurance

life assurance

Detalhes da Resposta

Ler a nota de aula em Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Ver Resposta

Pergunta 35 Relatório

A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called

Article of Association

Companies’ Act

Memorandum of Association Resposta correta

Deed

Prospectus

Detalhes da Resposta

Ler a nota de aula em Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Ver Resposta

Pergunta 36 Relatório

When one party to a contract refuses to perform the obligations assumed under the contract, there is

breach of contract Resposta correta

frustration

operational law

performance

voluntary agreement of the parties

Detalhes da Resposta

Ler a nota de aula em Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Ver Resposta

Pergunta 37 Relatório

The compensation made to an insured for loss incurred in insurance is called

commission

indemnity Resposta correta

interest

pooling risks

premium

Detalhes da Resposta

Ler a nota de aula em Legal Aspect Of Business (WAEC)

Legal Aspect Of Business

Ver Resposta

Pergunta 38 Relatório

Assets of a business which can easily be changed into cash are called

authorized capital

current liabilities

fixed assets

liquid capital Resposta correta

paid-up capital

Detalhes da Resposta

Ler a nota de aula em Commerce (JAMB)

Commerce

Ver Resposta

Pergunta 39 Relatório

Which comes first in the channel of distribution?

consignor

consumer

manufacturer Resposta correta

retailer

wholesaler

Detalhes da Resposta

Ler a nota de aula em Production (WAEC)

Ler a nota de aula em Commerce (JAMB)

Ler a nota de aula em Occupation (JAMB)

Ler a nota de aula em Money (JAMB)

Ler a nota de aula em Business Units (WAEC)

Production

Commerce

Occupation

Money

Business Units

Ver Resposta

Pergunta 40 Relatório

What is a voluntary association of business executives, tradesmen, or entrepreneurs?

Chamber of Commerce Resposta correta

Economic Community of West African States

Lake-Chad Basin Commission

Niger Basin Commission

Trade Union

Detalhes da Resposta

Ler a nota de aula em Trade Associations (WAEC)

Ler a nota de aula em Commerce (JAMB)

Trade Associations

Commerce

Ver Resposta

Pergunta 41 Relatório

ln the selection of means of transport, speed is an important consideration for goods that are

bulky

durable

fragile

inferior

perishable Resposta correta

Detalhes da Resposta

Ler a nota de aula em Transport, Tourism, Communication And Warehousing (WAEC)

Transport, Tourism, Communication And Warehousing

Ver Resposta

Pergunta 42 Relatório

What is the main aim and objective of ECOWAS?

increasing the tax rate among member countries

operating banking services among members

promoting cooperation and development in all fields of economic activities Resposta correta

providing employment opportunity to a few countries

providing essential services among members

Detalhes da Resposta

Ler a nota de aula em Economic Groupings (WAEC)

Economic Groupings

Ver Resposta

Pergunta 43 Relatório

Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to

be informed

buy whatever they want Resposta correta

choose

healthy environment

safety

Detalhes da Resposta

Ler a nota de aula em Legal Aspects Of Business (JAMB)

Legal Aspects Of Business

Ver Resposta

Pergunta 44 Relatório

Gases are best transported by

air

canals

pipelines Resposta correta

rail

sea

Detalhes da Resposta

Ler a nota de aula em Transport, Tourism, Communication And Warehousing (WAEC)

Transport, Tourism, Communication And Warehousing

Ver Resposta

Pergunta 45 Relatório

The factor of production which involves both the mental and physical effort of man is called

capital

entrepreneur

labour Resposta correta

land

work

Detalhes da Resposta

Ler a nota de aula em Production (WAEC)

Ler a nota de aula em Occupation (WAEC)

Production

Occupation

Ver Resposta

Pergunta 46 Relatório

The different types of occupation in which people are engaged can be grouped as

Direct Services, Commercial and industrial Resposta correta

Manufacturer, Blacksmith and Industrial

Industrial, Manufacturing and Commercial

Teaching, Manufacturing and Commercial

Trading, Teaching and Commercial

Detalhes da Resposta

Ler a nota de aula em Occupation (JAMB)

Ler a nota de aula em Occupation (WAEC)

Occupation

Ver Resposta

Pergunta 47 Relatório

A bank overdraft can only be granted to the holder of a

current account Resposta correta

deposit account

fixed deposit

savings account

time deposit

Detalhes da Resposta

Ler a nota de aula em Financing Business (JAMB)

Ler a nota de aula em Occupation (WAEC)

Financing Business

Occupation

Ver Resposta

Pergunta 48 Relatório

A statement of the current price and terms of trade of a product or service is called

debit note

letter of inquiry

order form

quotation Resposta correta

statement of account

Detalhes da Resposta

Ler a nota de aula em Purchase And Sale Of Goods (JAMB)

Ler a nota de aula em Commerce (JAMB)

Purchase And Sale Of Goods

Commerce

Ver Resposta

Pergunta 49 Relatório

Which holder receives interest?

cumulative preference

debenture Resposta correta

non-cumulative

ordinary share

preference shares

Detalhes da Resposta

Ler a nota de aula em Occupation (JAMB)

Occupation

Ver Resposta

Pergunta 50 Relatório

Which document is used to advertise shares to the general public?

Letter of Allotment

Memorandum and Article Associations

Newspaper

Prospectus Resposta correta

Radio and television

Detalhes da Resposta

Ler a nota de aula em Stock Exchange (JAMB)

Stock Exchange

Ver Resposta






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