NECO SSCE - Commerce - 2001

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C.
ln which business is profit shared amongst the shareholders on the basis of patronage?

The word ‘Commerce’ means

Which term means that for the price quoted, transporting the goods is ‘free’ up to the time it is placed on board a carrier?

The feature of a supermarket is

lf the price of a good falls and the demand for that good also fall, then that good is .......

In which service will a sole trader NOT be found?

In the stock exchange what is the day when the parties to a transaction decide whether the bargain should be completed held over until the next settlement?

The affairs of the co-operative society are in the hands of the

What is NOT a concern of the Food and Drug Department of the Federal Ministry of Health?

What is NOT an instrument of credit?

What is NOT a suitable reason for the growth in large retail business?

What is NOT a function of a retailer?

A syndicate is an/a

National income is

The bringing of ownership and management of a former private industry under the control of the government is called

The Articles of Association of a company do NOT contain

What is NOT a means of Central Bank’s controlling the credit policy of commercial banks?

Which is NOT a public corporation?

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

What is a statement of account? It is a/an

What is NOT a supplementary service of banks?

What is NOT the function of an entrepreneur?

What is NOT an advantage of combinations (monopolies)?

What is NOT a right of the consumer?

The term ‘caveat emptor’ means ‘let the

What is NOT a principle of an insurance contract?

What is NOT an advantage of indigenization?

Dealing on the Stock Exchange may be either

What is NOT a characteristic of a Private Limited Liability Company?

Which union is formed by the workers of firms of similar line of business to cater for their interests?

ln partnership business, the maximum number of persons for its formation is

Which of NOT a class of preference shares?

ln stock exchange, the buyer is NOT entitled to the dividend when the stock is quoted

A document which makes it obligatory on the part of the seller to supply the goods or services if the inquirer accepts the conditions stated therein is called Alan

What is the rate of turnover of Amura Ajita’s business?

Under what form of life insurance policy is premium paid over an agreed number of years and the sum assured is paid either at the end of that specified time or when the policy holder dies, whichever comes first?

What is the disadvantage of foreign trade?

What is NOT an advantage of direct distribution of goods to the consumer by the manufacturer?

.......... is NOT a principle of insurance

The reward of capital as a factor of production is

What is NOT a source of capital for a business?

What is an aim of a trade association?

What is the OBJECT of a co-operative society?

What is NOT a lecture of a co-operative society?

What is NOT a function of the chambers of commerce? They

What best explains the principle of subrogation in insurable?

Production means