NECO SSCE - Commerce - 2004

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

Maelezo ya Majibu

Which of the following is NOT part of the documents to be submitted for the registration of companies?

Maelezo ya Majibu

The services offered by the following people .could be grouped under direct services. EXCEPT

Maelezo ya Majibu

Which of the following best describes span of control

Maelezo ya Majibu

Which of the following is a non-insurable risk

Maelezo ya Majibu

In a private limited liability company shares can be transferred

Maelezo ya Majibu

In limited liability company, the liability of a member at the time of liquidation is limited to the amount of shares.

Maelezo ya Majibu

Kate insured her fancy store for losses arising from burglary. The store was later burnt down. Which insurance principle denied her compensation?

Maelezo ya Majibu

The drawer of a cheque is usually the

Maelezo ya Majibu

The major divisions of commerce are

Maelezo ya Majibu

The insurance policy that specifically covers damage to structure or machinery of a ship is known as.......insurance.

Maelezo ya Majibu

The prospectus of a company must include

Maelezo ya Majibu

All are aids to Trade EXCEPT

Maelezo ya Majibu

The excess value of all the assets of a business over the value of its liabilities is called

Maelezo ya Majibu

Business transactions are usually based upon agreements known as

Maelezo ya Majibu

A business person who contracts to sell shares in the expectation of a fall in price is a

Maelezo ya Majibu

Who among the following assess goods on arrival at a port?

Maelezo ya Majibu

Short-term loan to expand a business is provided by

Maelezo ya Majibu

Trade may be defined as

Maelezo ya Majibu

Which of the following is NOT a function of the central bank?

Maelezo ya Majibu

The creative management function which promotes trade and employment by assessing consumer needs and initiating research and development to meet them is known as

Maelezo ya Majibu

All these are instruments of consumer protection EXCEPT

Maelezo ya Majibu

The full amount of capital which a company is authorized to raise is stated in the

Maelezo ya Majibu

Under utmost good faith as an insurance principle, a person must

Maelezo ya Majibu

Profit in partnership is shared according to

Maelezo ya Majibu

At an auction sale, an auctioneer acts as a/an..........

Maelezo ya Majibu

An industry whose major actors consists of those engaged in sourcing raw materials from the earth surface is known as .... industry.

Maelezo ya Majibu

When manufacturers sell directly to consumers they have eliminated

Maelezo ya Majibu

The organisation of petroleum exporting countries (OPEC) is an example of a/n......

Maelezo ya Majibu

In international trade, ...... is used to show the exact country where the goods are imported.

Maelezo ya Majibu

The right to retain possession of property of another until certain legitimate demands are satisfied is known as

Maelezo ya Majibu

Credit in business transaction is a. ......

Maelezo ya Majibu

One way of restricting the quantity of goods which may be imported into a country is by

Maelezo ya Majibu

A receipt is a/an

Maelezo ya Majibu

Equity of a company is another name for....... shares.

Maelezo ya Majibu

Brand name is used to

Maelezo ya Majibu

The concept that the satisfaction of the consumer's wants is to be emphasized at all stages of production and distribution is known as consumer...........

Maelezo ya Majibu

The last link in the chain of distribution is the

Maelezo ya Majibu

The term “enterprise” denotes the ability to

Maelezo ya Majibu

Goods are given utility by

Maelezo ya Majibu

Department stores are usually located in

Maelezo ya Majibu

Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?

Maelezo ya Majibu

Which of the following is NOT an importance of warehousing?

Maelezo ya Majibu

A bill of lading is best described as the

Maelezo ya Majibu

A credit note is used to

Maelezo ya Majibu

A 'duty bill' is used to indicate whether the goods arriving a port are........

Maelezo ya Majibu

The value of money is measured by the

Maelezo ya Majibu