NECO SSCE - Commerce - 2007

Which of the following is an objective of regional economic grouping?

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The losses incurred in the running of Public Corporations are borne by the

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When the supplier changes a retailer for not returning empty packages, the supplier sends him a/an

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The actual amount of share capital a company is allowed to issue to the public is the ---- capital

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The department responsible for recruitment and promotion of staff is

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The process of passing information from one person to another in an organization is known as

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In which order are the following documents used?

I. Enquiry
II. Delivery note
III. Order
IV. Invoice
V. Quotation

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A Speculator in the stock exchange who buys shares hope that prices will rise is called

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Another name for a foreign order is

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An example of a secured loan is

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The most suitable mode of transport for conveying gas and liquid within Nigeria is

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Coal mining is an example of

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The practice of selling some goods below market price to attract more customers is known as

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The following are methods of quoting prices EXCEPT

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A marketing term the for the presentation of goods in a neatly wrapped container is

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The authority that transfers to a third party the shard right to vote is called

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When a cheque has R/D written on it, it means that the cheque

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Which of the following is NOT a function of Commerce?

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The reply to a letter of inquiry is a/an

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A document that is sent by the seller to the buyer to indicate an increase in the annual owes is

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An arrangement in insurance which provides for the payment of a stipulated sum either at death or the expiration of a stated period is known as ……….

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An example of service rendering trade association is

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The combination of product, price,

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Public debt management is one of the functions of a ----- bank

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Which of the following is NOT true of a cheque as a means of payment? It

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Adeleke places his vehicle for sale at N150,000,00 Ibrahim had agreed to pay the amount. In this Trans: Adeleke is the

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The final stage in the production process is

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Which of the following regards the consumer as king?

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A disadvantage of commercialization of public enterprises in Nigeria is that it

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A financial document stating the reasons for making a payment and details of the payment is

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The principle of insurance that prevents the insured from benefiting in an event where he suffers no material or financial loss is

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From the date of issue, cheques are valid for-----------months.

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The fee for sending a telegram depends on the

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Use the following information to answer question

Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Kolawole’s average stock is?

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Shares, stocks, government bonds trade in the stock exchange marks: are known as

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The building of schools and hospitals for communities by some oil companies in Niger Delta of Nigeria is an example of

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Income distribution, nature of natural resources, investment etc. forms part of -----business environment.

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The payment made by government to producers to enable them reduce price is known as

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Use the following information to answer question

Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
The rate of stock turnover is?

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Use the following information to answer question

Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Cost of goods sold is

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Telecommunication services are provided by

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Shares that are fully paid can be converted into bulks known as

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Which of the following is an invisible item of trade?

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Which of the following relies on subvention as the main source of capital?

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Which of the following is NOT true of a cheque as a means of payment? It

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The most suitable mode of transporting very bulky goods from Lagos to Kaduna is the

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The amount receivable by shareholders after the declaration of profit is called

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“Be a millionaire” a slogan adopted by one of them G.S.M providers is an example of

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