Neco Commerce 2007 Past Questions and Answers

Question 21:

• NECO 2007

When the supplier changes a retailer for not returning empty packages, the supplier sends him a/an ____________

A. Advice note
B. Consignment note
C. Credit note
D. Debit note
E. Statement

Question 22:

• NECO 2007

The process of passing information from one person to another in an organization is known as ____________

A. Communication
B. Co-ordination
C. Delegation
D. Direction
E. Motivation

Question 23:

• NECO 2007

A financial document stating the reasons for making a payment and details of the payment is ____________

A. Bank draft
B. Cash book
C. Cheque
D. Payslip
E. Voucher

Question 24:

• NECO 2007

Another name for a foreign order is ____________

A. Catalogue
B. Export
C. Import
D. Indent
E. Quotation

Question 25:

• NECO 2007

Public debt management is one of the functions of a ____________ bank

A. Central
B. Commercial
C. Development
D. Industrial
E. Merchant