NECO SSCE - Commerce - 2000

Which of the following CANNOT be sold through a vending machine?

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When the price quoted includes all the cost to the actual destination, that is, from the seller’s warehouse to the buyer’s warehouse. it is called

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A tax paid on goods manufactured and consumed in your country is called

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A bill of exchange sold for less than its face value before maturity is said to be

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The policy designed to accelerate the greater participation of Nigerians in the ownership and management of business enterprises in Nigeria is called

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An agreement that is enforceable in law is called

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Prospectus in relation to a public limited inability company means

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Obi received a cheque for N1000 from Mr. Ade and this cheque was stolen. He must

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Bankers settle their mutual indebtedness in a

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Which of the is used in calculating working capital?

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The first Nigerian enterprises promotion decree was promulgated in

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Ships that pick up cargo from any port and travels anytime are called

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The relationship between a country’s visible imports and exports in a trading year is known as

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Which of the following is NOT an aim of advertising?

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Which area of law is NOT related to business?

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Which of the following is NOT regarded as a welfare service in an organization?

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The body charged with the responsibility monitoring the quality of goods supplied is the

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Which of the following does a seller send in reply to a letter of inquiry?

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A contract in which all parties to the contract have carried out their obligation is said to be terminated by

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A holding company is one which holds shares in another company up to

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Shares are said to be sold at a discount when they are sold

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Which is NOT a legislation aimed at protecting the consumer?

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Which of the following means of transport is most flexible?

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The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of

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Banks issue cheque books to customers holding ......... accounts.

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Which of the following can be used to establish an importer's title to goods?

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The relationship between a country’s visible imports and exports in a trading year is known as

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Which of the following warehouse is generally found near a port?

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One of the following does NOT fit into the group.

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What is the cost of goods sold?

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The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

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Which of the following is NOT part of the marketing mix?

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The main objective of nationalization of industries is to

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The service rendered by NIPOST in which letters are addressed to any post office to await collection by the addressee is known as

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A multiple shop has many stores which sell

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A public limited liability company is owned by

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Which of the following is NOT part of Pre-Sales Service/ice?

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The breaking down of work into different processes is known as

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A voluntary association of business executives, trader men, entrepreneurs and others in a city, town or country is called a

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All the following are principles of insurance EXCEPT

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Fishing is an example of

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Crude oil is best transported within the country through

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The advertising medium which uses electric current in bulbs is referred to as

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The sum which the insured pays periodically to his insurance company is called

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The rights of the consumers does NOT include

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An allowance made to a customer for prompt payment is known as

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A person who runs a business on his own account is called a

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An instruction to an agent abroad restricting him to buy from a named manufacturer is known as

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