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Neco 2004 Commerce Past QuestionsQuestion 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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