NECO SSCE - Commerce - 2009

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

Maelezo ya Majibu

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

Maelezo ya Majibu

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

Maelezo ya Majibu

Failure to pay an employees wage is a breach of

Maelezo ya Majibu

An association of two or that each cannot handle alone is

Maelezo ya Majibu

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

Maelezo ya Majibu

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

Maelezo ya Majibu

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

Maelezo ya Majibu

The quickest and most accurate means of communication is

Maelezo ya Majibu

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

Maelezo ya Majibu

Commerce aids the development of any economy as it

Maelezo ya Majibu

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

Maelezo ya Majibu

The profit received by a member of a cooperative society is

Maelezo ya Majibu

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

Maelezo ya Majibu

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

Maelezo ya Majibu

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

Maelezo ya Majibu

A non-insurable risk is exemplified by

Maelezo ya Majibu

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

Maelezo ya Majibu

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

Maelezo ya Majibu

One objective of privatization is the

Maelezo ya Majibu

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

Maelezo ya Majibu

A country’s balance of payments is divided into

Maelezo ya Majibu

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

Maelezo ya Majibu

information and communication technology is advantageous to the banking industry because

Maelezo ya Majibu

A factor that hinders the achievement of ECOWAS objectives is

Maelezo ya Majibu

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

Maelezo ya Majibu

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

Maelezo ya Majibu

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

Maelezo ya Majibu

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

Maelezo ya Majibu

Sole proprietors finance their businesses through

Maelezo ya Majibu

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

Maelezo ya Majibu

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

Maelezo ya Majibu

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

Maelezo ya Majibu

The factors responsible for large scale production of durable goods are

Maelezo ya Majibu

A major disadvantage of the mainframe computer is its

Maelezo ya Majibu

One of the functions of the stock exchange is to

Maelezo ya Majibu

The benefits that students derive from tourism are

Maelezo ya Majibu

A function of a retailer is to

Maelezo ya Majibu

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

Maelezo ya Majibu

The major advantage of using a vending machine is that

Maelezo ya Majibu

Foreign trade transactions are carrried out through the use of

Maelezo ya Majibu

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?

Maelezo ya Majibu

The branding of manufacturers goods aids

Maelezo ya Majibu

A hire purchase transaction becomes a sale when the hirer

Maelezo ya Majibu