Commerce 2004 Neco Past Questions and Answers

Question 16 :

• NECO 2004

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 :

• NECO 2004

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 :

• NECO 2004

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 :

• NECO 2004

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 :

• NECO 2004

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