NECO SSCE - Commerce - 2009

Commerce aids the development of any economy as it

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Failure to pay an employees wage is a breach of

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A legal document representing a promise by a company to pay back a loan over a period of time is referred to as a

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Foreign trade transactions are carrried out through the use of

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A factor that hinders the achievement of ECOWAS objectives is

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A major disadvantage of the mainframe computer is its

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A mutual compromise between the central bank and other banks on strategies for economic activities is reached through

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In the Sale of Goods Act, goods which have been identified and agreed upon at the time of contract are called

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The benefits that students derive from tourism are

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A document issued by financial organizations to enable holders to buy goods on credit is called

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A hire purchase transaction becomes a sale when the hirer

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The profit received by a member of a cooperative society is

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The factors responsible for large scale production of durable goods are

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A country’s balance of payments is divided into

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The construction of dams, irrigation drains and navigation major responsibility of the

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The type of advertising that influences consumer's choice of products is

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One objective of privatization is the

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The price of an item is N 300 with a trade discount of 20%, What is the selling price?

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information and communication technology is advantageous to the banking industry because

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Sole proprietors finance their businesses through

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A management function which reflects effective identification and grouping of work is

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An unconditional order by a creditor to a debtor requiring payment on a specified date is called

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The major advantage of using a vending machine is that

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One of the functions of the stock exchange is to

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Free editorial space or time not paid for by an organization is called

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An electronic system of communication which serves as the international information bank is called

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One of the primary functions of the thrift, credit and loans cooperative society is to

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The effective dissemination of information about products is a social responsibility of a company to its

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A function of a retailer is to

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A system in which a group of persons are appointed to carry out special duties of policy and decision-making is referred to as the

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The contribution of a department towards the attainment of corporate goals is its

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The inflationary conditions of a country and her interest rate constitute her

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Which of the following is the best form of sales promotion?

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An association of two or that each cannot handle alone is

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The individuals who conceive the idea of a company and undertake to fulfill the legal requirements for the venture are the

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The transfer of risks from an insurer to another insurer for premium is referred to as

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The trade that takes place when imported goods are re-exported is known as

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An element of the marketing mix that is concerned with feature and quality is

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A non-insurable risk is exemplified by

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Personal selling is important to a business because it can be used to

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The quickest and most accurate means of communication is

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The branding of manufacturers goods aids

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Kola who had an accident was taken to hospital by Kemi. Kola promised to give Kemi N 500 when discharged. Kola failed to fulfil his promise. Which of the following is legally correct?

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The luxurious boats used for passengers from one town to another are

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