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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
Aexisting goods
Bfixture goods
Cunascertained goods
Dspecific
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Question 3
neco2009
The inflationary conditions of a country and her interest rate constitute her
Asocial variables
Beconomic variables
Cpolitical variables
Dtransformational variables
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Question 4
neco2009
Commerce aids the development of any economy as it
Aprovides for proper accountability
Bimproves the living standard
Cenhances the even distribution of wealth
Dencourages the reduction of inflation
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Question 5
neco2009
The trade that takes place when imported goods are re-exported is known as
Aentrepot trade
Bimport trade
Cexport trade
Dvisible trade
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Question 6
neco2009
The effective dissemination of information about products is a social responsibility of a company to its
Ashareholders
Bmanagement
Cconsumers
Demployees
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Question 7
neco2009
An unconditional order by a creditor to a debtor requiring payment on a specified date is called
Apromissory note
Bletter of credit
Cmoney order
Dbill of exchange
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Question 8
neco2009
The luxurious boats used for passengers from one town to another are
Asteamers
Blaunches
Ctramp liners
Dcoastal liners
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Question 9
neco2009
Failure to pay an employees wage is a breach of
Aright
Bwarranty
Cagreement
Dtrust
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Question 10
neco2009
A management function which reflects effective identification and grouping of work is
Aplanning
Borganizing
Ccoordinating
Dstaffing
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Question 11
neco2009
The transfer of risks from an insurer to another insurer for premium is referred to as
Aassurance
Binsurance
Csubrogation
Dreinsurance
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Question 12
neco2009
The benefits that students derive from tourism are
Aeducation and revenue
Brecreation and education
Cpurchase of artifacts and sightseeing
Dsale of artefacts and relaxation
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Question 13
neco2009
The type of advertising that influences consumer's choice of products is
Acompetitive
Bpersuasive
Cspecific
Dinformative
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Question 14
neco2009
One of the functions of the stock exchange is to
Aassist individuals in their policies
Bprovide collateral for investors
Cprovide insurance cover against risk
Ddisseminate information to investors
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Question 15
neco2009
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?
AKemi cannot sue Kola
BKemi can sue Kola
CKola can deny the promise
DKola can offer something else
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Question 16
neco2009
A document issued by financial organizations to enable holders to buy goods on credit is called
AATM card
Bcoupon
Cluncheon voucher
Dcredit card
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Question 17
neco2009
A legal document representing a promise by a company to pay back a loan over a period of time is referred to as a
Awarrant
Bbond
Cshare certificate
Dtitle deed
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Question 18
neco2009
Which of the following is the best form of sales promotion?
ABill board
BBell ringing
CPublicity
DDemonstration
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Question 19
neco2009
A factor that hinders the achievement of ECOWAS objectives is
