Neco Commerce 2004 Past Questions and Answers

Question 1:

• NECO 2004

The last link in the chain of distribution is the _____________

A. Consumer
B. Manufacturer
C. Producer
D. Retailer
E. Wholesaler

Question 2:

• NECO 2004

All are aids to Trade EXCEPT

A. Advertising
B. Banking
C. Retailing
D. Transportation
E. Warehousing

Question 3:

• NECO 2004

Profit in partnership is shared according to _____________

A. Agreement in the deed
B. Amount contributed by each partner
C. Number of hours put in by each partner
D. Seniority of partner
E. Types of partners

Question 4:

• NECO 2004

At an auction sale, an auctioneer acts as a/an _____________

A. Agent
B. Attorney
C. Broker
D. Principal
E. Representative

Question 5:

• NECO 2004

All these are instruments of consumer protection EXCEPT

A. Bill of Exchange Act of 1882
B. Food and Drug Department of Ministry Health
C. Sale of Goods Act of 1979
D. Standard Organization of Nigeria
E. Trade Description Act of 1968