NECO SSCE - Commerce - 2004

Goods are given utility by

Détails de la réponse

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

Détails de la réponse

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

Détails de la réponse

All are aids to Trade EXCEPT

Détails de la réponse

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

Détails de la réponse

The drawer of a cheque is usually the

Détails de la réponse

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

Détails de la réponse

In a private limited liability company shares can be transferred

Détails de la réponse

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

Détails de la réponse

Short-term loan to expand a business is provided by

Détails de la réponse

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

Détails de la réponse

The value of money is measured by the

Détails de la réponse

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

Détails de la réponse

Which of the following best describes span of control

Détails de la réponse

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

Détails de la réponse

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

Détails de la réponse

Which of the following is a non-insurable risk

Détails de la réponse

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

Détails de la réponse

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

Détails de la réponse

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

Détails de la réponse

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

Détails de la réponse

The last link in the chain of distribution is the

Détails de la réponse

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

Détails de la réponse

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

Détails de la réponse

A bill of lading is best described as the

Détails de la réponse

Brand name is used to

Détails de la réponse

When manufacturers sell directly to consumers they have eliminated

Détails de la réponse

Business transactions are usually based upon agreements known as

Détails de la réponse

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

Détails de la réponse

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

Détails de la réponse

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

Détails de la réponse

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

Détails de la réponse

Trade may be defined as

Détails de la réponse

A credit note is used to

Détails de la réponse

Profit in partnership is shared according to

Détails de la réponse

Department stores are usually located in

Détails de la réponse

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

Détails de la réponse

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

Détails de la réponse

The prospectus of a company must include

Détails de la réponse

The term “enterprise” denotes the ability to

Détails de la réponse

The major divisions of commerce are

Détails de la réponse

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...........

Détails de la réponse

A receipt is a/an

Détails de la réponse

Which of the following is NOT an importance of warehousing?

Détails de la réponse

All these are instruments of consumer protection EXCEPT

Détails de la réponse

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

Détails de la réponse

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

Détails de la réponse