Neco Commerce 2003 Past Questions and Answers

Question 16:

• NECO 2003

The branches of Commerce include all the following EXCEPT

A. Advertising
B. Barbing
C. Trade
D. Transport
E. Warehousing

Question 17:

• NECO 2003

The word “close-up” as used in toothpaste is a ____________

A. Brand name
B. Company’s name
C. Company’s logo
D. Patent right
E. Symbol

Question 18:

• NECO 2003

The changing of the original form of an object to a form that can give satisfaction to a want is known as ____________

A. Commerce
B. Construction
C. Consumption
D. Occupation
E. Production

Question 19:

• NECO 2003

The 4C’s of credit are ____________

A. Consumer, collateral, company and cost
B. Collateral, capital, company and cost
C. Collate capital, character and capacity
D. Character, cost, capital and capacity
E. Capital, capacity, consumer and character

Question 20:

• NECO 2003

Shareholder receive ____________

A. Interest
B. Dividends
C. Commission
D. Allowances
E. None of the above