Neco Commerce 2003 Past Questions and Answers

Question 11:

• NECO 2003

The special right of privileges granted to an inventor to make use of what he has invented is known as fundamental right.

A. Copyright
B. Fundamental right
C. Patent
D. Right to machine
E. Trade mark

Question 12:

• NECO 2003

Advertising could be used to achieve all the following EXCEPT

A. Building primary demand
B. Creating brand loyalty
C. Creating employee loyalty
D. Enhancing turn-over
E. Increasing market share

Question 13:

• NECO 2003

Which of the following forms of business unit requires a certificate of trading before commencing business?

A. Partnership
B. Public liability company
C. Private liability company
D. Public corporation
E. Sole proprietorship

Question 14:

• NECO 2003

Shares issued to existing shareholders, without paying for them are referred to as ____________ issue.

A. Allowance
B. Bonus
C. Extra
D. Right
E. Special

Question 15:

• NECO 2003

The government regulates business activities through the following measures EXCEPT

A. Copy right
B. Patents
C. Registration
D. Trade marks
E. Inspection