NECO SSCE - Commerce - 2007

Which of the following is NOT a function of Commerce?

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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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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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The fee for sending a telegram depends on the

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

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

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

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

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

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An example of a secured loan is

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

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

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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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In which order are the following documents used?

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

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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 transport for conveying gas and liquid within Nigeria is

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The department responsible for recruitment and promotion of staff is

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

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

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

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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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Which of the following is an invisible item of trade?

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

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

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Coal mining is an example of

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

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An example of service rendering trade association is

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

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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 reply to a letter of inquiry is a/an

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The following are methods of quoting prices EXCEPT

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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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Telecommunication services are provided by

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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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Another name for a foreign order is

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

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

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The combination of product, price,

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

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Which of the following regards the consumer as king?

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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 final stage in the production process is

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

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