NECO SSCE - Commerce - 2001

The term ‘caveat emptor’ means ‘let the

What is NOT an advantage of indigenization?

What is NOT the function of an entrepreneur?

What is NOT a function of a retailer?

What is NOT a supplementary service of banks?

What is the OBJECT of a co-operative society?

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

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

National income is

Production means

The word ‘Commerce’ means

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

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

A syndicate is an/a

What is NOT a right of the consumer?

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

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 NOT an instrument of credit?

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

Which of NOT a class of preference shares?

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

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 feature of a supermarket is

What is NOT an advantage of combinations (monopolies)?

What is the disadvantage of foreign trade?

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

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

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

What is an aim of a trade association?

What best explains the principle of subrogation in insurable?

What is NOT a source of capital for a business?

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

What is NOT a principle of an insurance contract?

In which service will a sole trader NOT be found?

Which is NOT a public corporation?

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

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

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?

Dealing on the Stock Exchange may be either

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

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

The reward of capital as a factor of production is

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

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

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

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

The Articles of Association of a company do NOT contain