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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 2
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 3
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 4
neco2007
Telecommunication services are provided by
ABureau De Change
BCourier Services
CDate Post
DNIPOST
ENITEL
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Question 5
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 6
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 7
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 8
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 9
neco2007
Public debt management is one of the functions of a ----- bank
Acentral
Bcommercial
Cdevelopment
Dindustrial
Emerchant
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Question 10
neco2007
Another name for a foreign order is
Acatalogue
Bexport
Cimport
Dindent
Equotation
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Question 11
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 12
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 13
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 14
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 15
neco2007
The combination of product, price,
Aconsumer orientation
Bmarketing concept
Cmarketing mix
Dmarker research
Eproduct mix
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Question 16
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
Eurgency of the message
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Question 17
neco2007
Income distribution, nature of natural resources, investment etc. forms part of -----business environment.
Acultural
Beconomic
Cpolitical
Dsocial
Etechnological
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Question 18
neco2007
Which of the following is an invisible item of trade?
ABanking Service
BPetroleum Product
CProcessed Rice
DProcessed Milk
EProcessed Yam Flour
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Question 19
neco2007
The amount receivable by shareholders after the declaration of profit is called
Abonus
Bcommission
Cdividend
Dinterest
Epremium
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Question 20
neco2007
The following are methods of quoting prices EXCEPT
