NECO SSCE - Commerce - 2007

A document that is sent by the seller to the buyer to indicate an increase in the annual owes is

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The reply to a letter of inquiry is a/an

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Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
The rate of stock turnover is?

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The practice of selling some goods below market price to attract more customers is known as

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The losses incurred in the running of Public Corporations are borne by the

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Another name for a foreign order is

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The amount receivable by shareholders after the declaration of profit is called

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Telecommunication services are provided by

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An example of a secured loan is

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The payment made by government to producers to enable them reduce price is known as

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A financial document stating the reasons for making a payment and details of the payment is

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Which of the following is NOT true of a cheque as a means of payment? It

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A disadvantage of commercialization of public enterprises in Nigeria is that it

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The most suitable mode of transport for conveying gas and liquid within Nigeria is

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A marketing term the for the presentation of goods in a neatly wrapped container is

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Which of the following is NOT a function of Commerce?

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A Speculator in the stock exchange who buys shares hope that prices will rise is called

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The combination of product, price,

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The process of passing information from one person to another in an organization is known as

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Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Cost of goods sold is

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The building of schools and hospitals for communities by some oil companies in Niger Delta of Nigeria is an example of

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When a cheque has R/D written on it, it means that the cheque

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An arrangement in insurance which provides for the payment of a stipulated sum either at death or the expiration of a stated period is known as ……….

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The final stage in the production process is

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The authority that transfers to a third party the shard right to vote is called

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Which of the following is NOT true of a cheque as a means of payment? It

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The principle of insurance that prevents the insured from benefiting in an event where he suffers no material or financial loss is

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Adeleke places his vehicle for sale at N150,000,00 Ibrahim had agreed to pay the amount. In this Trans: Adeleke is the

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“Be a millionaire” a slogan adopted by one of them G.S.M providers is an example of

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Shares, stocks, government bonds trade in the stock exchange marks: are known as

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When the supplier changes a retailer for not returning empty packages, the supplier sends him a/an

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Which of the following regards the consumer as king?

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From the date of issue, cheques are valid for-----------months.

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Shares that are fully paid can be converted into bulks known as

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Which of the following is an objective of regional economic grouping?

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Which of the following relies on subvention as the main source of capital?

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An example of service rendering trade association is

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Coal mining is an example of

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The most suitable mode of transporting very bulky goods from Lagos to Kaduna is the

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The department responsible for recruitment and promotion of staff is

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The following are methods of quoting prices EXCEPT

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The actual amount of share capital a company is allowed to issue to the public is the ---- capital

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In which order are the following documents used?

I. Enquiry
II. Delivery note
III. Order
IV. Invoice
V. Quotation

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Public debt management is one of the functions of a ----- bank

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Income distribution, nature of natural resources, investment etc. forms part of -----business environment.

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Which of the following is an invisible item of trade?

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The fee for sending a telegram depends on the

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Use the following information to answer question

Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Kolawole’s average stock is?

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