Neco Commerce 2005 Past Questions and Answers

Question 16:

• NECO 2005

The document that spells out the relationship of a company with the outside world is known as ____________

A. Article of association
B. Certificate of incorporation
C. Deed of partnership
D. Document of registration
E. Memorandum of association

Question 17:

• NECO 2005

The aid to trade which enables producer and consumer to transact business without physical contact is known as ____________

A. Advertising
B. Communication
C. Insurance
D. Tourism
E. Transportation

Question 18:

• NECO 2005

The coming together of two or more firms with each of them losing its identity is known as ____________

A. Amalgamation
B. Cartel
C. Consortium
D. Holding
E. Trust

Question 19:

• NECO 2005

The activities concerned with changing of raw materials into finished products belong to ____________ occupation

A. Commercial
B. Constructive
C. Extractive
D. Manufacturing
E. Service

Question 20:

• NECO 2005

Which of these is NOT a governments legislation to protect thee consumer?

A. Fair trading
B. Foods and drugs
C. Privatization and commercialization
D. Weight and measure
E. Trade description