Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
Personal selling is important to a business because it can be used to
Adistract competitors
Bdistribute free samples
Csell custom-made products
Deffect labour - oriented pricing
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Question 22
neco2009
An electronic system of communication which serves as the international information bank is called
Aan e-mail
Ba satellite
Ca telex
Dthe Internet
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Question 23
neco2009
A hire purchase transaction becomes a sale when the hirer
Apays full cost of the goods
Bagrees with the hire purchase terms
Ctakes possession of the goods
Dpays part of the instalments
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Question 24
neco2009
The price of an item is N 300 with a trade discount of 20%, What is the selling price?
AN180
BN240
CN300
DN360
Eno option
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Question 25
neco2007
In which order are the following documents used?
I. Enquiry
II. Delivery note
III. Order
IV. Invoice
V. Quotation
AI, II, III, IV and V
BI, V, III, IV and II
CII, I, IV, III and V
DIII, II, V, I and IV
EV, IV, I, III and II
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Question 26
neco2007
Which of the following is NOT a function of Commerce?
AAssisting Companies in raise capital
BAssisting in transporting men and materials to production points
CExtracting goods for further production and processing
DStoring goods until they are needed
EOffering employment opportunities to a large number of people
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Question 27
neco2007
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
AN180,000.00
BN227,000.00
CN279,000.00
DN290,000.00
EN301,000.00
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Question 28
neco2007
Telecommunication services are provided by
ABureau De Change
BCourier Services
CDate Post
DNIPOST
ENITEL
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Question 29
neco2007
Shares that are fully paid can be converted into bulks known as
Abonds
Bcapital reserves
Cdebentures
Dguilt-edged securities
Estocks
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Question 30
neco2007
The practice of selling some goods below market price to attract more customers is known as
Ahoarding
Bloss leader
Cmarket sharing
Dprofiteering
Especulating
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Question 31
neco2007
Shares, stocks, government bonds trade in the stock exchange marks: are known as
Adebentures
Bgut-edged stocks
Cmerchandises
Dsecurities
Etreasure bills
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Question 32
neco2007
Which of the following regards the consumer as king?
Aconsumer behavior
Bmarketing concept
Cmarket mix
Dpricing policy
Eproduct mix
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Question 33
neco2007
Public debt management is one of the functions of a ----- bank
Acentral
Bcommercial
Cdevelopment
Dindustrial
Emerchant
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Question 34
neco2007
Another name for a foreign order is
Acatalogue
Bexport
Cimport
Dindent
Equotation
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Question 35
neco2007
A financial document stating the reasons for making a payment and details of the payment is
Abank draft
Bcash book
Ccheque
Dpayslip
Evoucher
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Question 36
neco2007
The process of passing information from one person to another in an organization is known as
Acommunication
Bco-ordination
Cdelegation
Ddirection
EMotivation
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Question 37
neco2007
When the supplier changes a retailer for not returning empty packages, the supplier sends him a/an
Aadvice note
Bconsignment note
Ccredit note
Ddebit note
Estatement
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Question 38
neco2007
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?
AN9,000.00
BN10, 000.00
CN279,000.00
DN280,000.00
EN290,000.00
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Question 39
neco2007
The combination of product, price,
Aconsumer orientation
Bmarketing concept
Cmarketing mix
Dmarker research
Eproduct mix
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Question 40
neco2007
The fee for sending a telegram depends on the
Anumber of lines contained by the message
Bnumber of words contained in the message
Cthe security of the message
Dtime it would take the message to reach its destination
