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Neco Commerce 2004 Past Questions and Answers

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Neco 2004 Commerce Past Questions

Question 16:


Which of the following best describes span of control

A. Directors in an organisation
B. Financial controllers within an organisation
C. Shareholders in a company
D. Subordinates that an executive supervises
E. Subordinates who can work on their own


Question 17:


Goods are given utility by _____________

A. Changing their forms and location
B. Consuming them
C. Costing their value
D. Numbering and counting them
E. Packing and measuring them


Question 18:


Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?

A. Credit note
B. Debit note
C. Delivery note
D. Invoice
E. Quotation


Question 19:


Which of the following is a non-insurable risk

A. Cash-in-transits
B. Consequential loss
C. Fire
D. Home accidents
E. Speculative venture


Question 20:


A business person who contracts to sell shares in the expectation of a fall in price is a _____________

A. Bear
B. Broker
C. Bull
D. Jobber
E. Speculator






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