NECO SSCE - Commerce - 2004

In a private limited liability company shares can be transferred

Awọn alaye Idahun

The drawer of a cheque is usually the

Awọn alaye Idahun

In limited liability company, the liability of a member at the time of liquidation is limited to the amount of shares.

Awọn alaye Idahun

An industry whose major actors consists of those engaged in sourcing raw materials from the earth surface is known as .... industry.

Awọn alaye Idahun

A credit note is used to

Awọn alaye Idahun

The right to retain possession of property of another until certain legitimate demands are satisfied is known as

Awọn alaye Idahun

Kate insured her fancy store for losses arising from burglary. The store was later burnt down. Which insurance principle denied her compensation?

Awọn alaye Idahun

Profit in partnership is shared according to

Awọn alaye Idahun

A bill of lading is best described as the

Awọn alaye Idahun

Short-term loan to expand a business is provided by

Awọn alaye Idahun

Who among the following assess goods on arrival at a port?

Awọn alaye Idahun

Goods are given utility by

Awọn alaye Idahun

When manufacturers sell directly to consumers they have eliminated

Awọn alaye Idahun

The major divisions of commerce are

Awọn alaye Idahun

One way of restricting the quantity of goods which may be imported into a country is by

Awọn alaye Idahun

A voluntary body formed by members of a particular branch of trade or industry to represent interest of members is known as

Awọn alaye Idahun

All these are instruments of consumer protection EXCEPT

Awọn alaye Idahun

The creative management function which promotes trade and employment by assessing consumer needs and initiating research and development to meet them is known as

Awọn alaye Idahun

Credit in business transaction is a. ......

Awọn alaye Idahun

Equity of a company is another name for....... shares.

Awọn alaye Idahun

The insurance policy that specifically covers damage to structure or machinery of a ship is known as.......insurance.

Awọn alaye Idahun

The prospectus of a company must include

Awọn alaye Idahun

In international trade, ...... is used to show the exact country where the goods are imported.

Awọn alaye Idahun

Which of the following best describes span of control

Awọn alaye Idahun

The organisation of petroleum exporting countries (OPEC) is an example of a/n......

Awọn alaye Idahun

At an auction sale, an auctioneer acts as a/an..........

Awọn alaye Idahun

All are aids to Trade EXCEPT

Awọn alaye Idahun

The concept that the satisfaction of the consumer's wants is to be emphasized at all stages of production and distribution is known as consumer...........

Awọn alaye Idahun

Which of the following is NOT part of the documents to be submitted for the registration of companies?

Awọn alaye Idahun

The value of money is measured by the

Awọn alaye Idahun

Which of the following is a non-insurable risk

Awọn alaye Idahun

A business person who contracts to sell shares in the expectation of a fall in price is a

Awọn alaye Idahun

Business transactions are usually based upon agreements known as

Awọn alaye Idahun

A receipt is a/an

Awọn alaye Idahun

Which of the following is NOT a function of the central bank?

Awọn alaye Idahun

The last link in the chain of distribution is the

Awọn alaye Idahun

The services offered by the following people .could be grouped under direct services. EXCEPT

Awọn alaye Idahun

The full amount of capital which a company is authorized to raise is stated in the

Awọn alaye Idahun

The excess value of all the assets of a business over the value of its liabilities is called

Awọn alaye Idahun

The term “enterprise” denotes the ability to

Awọn alaye Idahun

Department stores are usually located in

Awọn alaye Idahun

A 'duty bill' is used to indicate whether the goods arriving a port are........

Awọn alaye Idahun

Which of the following is NOT an importance of warehousing?

Awọn alaye Idahun

Trade may be defined as

Awọn alaye Idahun

Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?

Awọn alaye Idahun

Brand name is used to

Awọn alaye Idahun

Under utmost good faith as an insurance principle, a person must

Awọn alaye Idahun