NECO SSCE - Commerce - 2007

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

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The final stage in the production process 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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“Be a millionaire” a slogan adopted by one of them G.S.M providers is an example of

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

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Telecommunication services are provided by

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The department responsible for recruitment and promotion of staff 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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Another name for a foreign order is

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Which of the following is an invisible item of trade?

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The following are methods of quoting prices EXCEPT

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

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Which of the following is NOT a function of Commerce?

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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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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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The process of passing information from one person to another in an organization 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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The amount receivable by shareholders after the declaration of profit is called

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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
Cost of goods sold is

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Which of the following regards the consumer as king?

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

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

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

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Coal mining is an example of

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

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The fee for sending a telegram depends on the

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

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

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The combination of product, price,

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

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

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

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

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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
The rate of stock turnover is?

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Which of the following relies on subvention as the main source of 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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An example of service rendering trade association is

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

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The reply to a letter of inquiry is a/an

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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 an objective of regional economic grouping?

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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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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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An example of a secured loan is

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