NECO SSCE - Commerce - 2003

For a contract to be valid, there must be

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Who takes the initial step to form a company prior to its incorporation?

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All the following are members of small-scale retailing EXCEPT

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......is a letter sent to the suppliers requesting details of goods offered for sale

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Who among the following engages in manufacturing occupation?

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Organizational chart is a diagram showing the

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A form of business unit in which members are given patronage allowance is

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The changing of the original form of an object to a form that can give satisfaction to a want is known as

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Re-exporting imported goods to another country is known as ........ trade.

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Shareholder receive......

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A large rental organization with a number of sections selling different goods in the same building is called a ....

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Shares issued to existing shareholders, without paying for them are referred to as ....... issue.

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Advertising could be used to achieve all the following EXCEPT

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Organization of a wholesale warehouse in a typical company consist of the following EXCEPT ....... department.

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Combination of methods used by a firm for marketing its product is known as .......

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When a business organization constructs schools and roads for the use of a community. such responsibility is

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Any member of the public who wants to buy shares in the stock market will first of all meet a/an

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The 4C’s of credit are

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Which of the following does NOT relate to marine insurance?... policy

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Which of the following organizations look after harbours, docks and waterways in Nigeria?

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The word “close-up” as used in toothpaste is a

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A document which can be used for both internal and external trade is

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The second tier security market is an example of

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Which of the following forms of business unit requires a certificate of trading before commencing business?

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Commerce refers to

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One of the barriers to foreign trade is the presence of

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Who among the following is the last link in the chain of distribution?

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Which of the following does not relate to foreign trade?

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The service of a teacher is in the classification of

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Which of the laws of consumers protection fixes the rate of interest that may be charged on loans?

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The agreement between an exporter and a ship owner to convey goods is known as

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Which of the following risks would an insurance company not prepared to cover?

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The reward of an agent working for a principal is a

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A public limited company can borrow from the public to increase its capital by

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The act of bringing a privately owned business under exclusive state ownership and control is referred to as

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Which means of transport is most suitable for moving crude oil, gas and water from Port Harcourt to Kaduna?

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The branches of Commerce include all the following EXCEPT

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The amount which a company is empowered to raise for a business is its

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A cheque is not a legal tender because it is

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The factor of production that combines others factors and bears the risks in production process is

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The government regulates business activities through the following measures EXCEPT

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The reward for Labour as a factor of production is

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A discount that is given to middlemen in order to make good profit is called .......... discount.

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Which of the following invites the general public to subscribe for its shares?

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The national headquarters of Niger Basin Commission is at

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Sea transport is unsuitable for the movement of

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A share ducted “Cum div”, means that the dividend for the current year will be paid to the

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Which of the following gives Nigerian’s the opportunity to take active part in industry and commerce?

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The special right of privileges granted to an inventor to make use of what he has invented is known as fundamental right.

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The coming together of two or more companies to form one big viable company is known as

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