Neco Commerce 2009 Past Questions and Answers

Question 31:

• NECO 2009

The price of an item is N 300 with a trade discount of 20%, What is the selling price?

A. N180
B. N240
C. N300
D. N360
E. No option

Question 32:

• NECO 2009

A hire purchase transaction becomes a sale when the hirer

A. Pays full cost of the goods
B. Agrees with the hire purchase terms
C. Takes possession of the goods
D. Pays part of the instalments

Question 33:

• NECO 2009

An electronic system of communication which serves as the international information bank is called ____________

A. An e-mail
B. A satellite
C. A telex
D. The Internet

Question 34:

• NECO 2009

Personal selling is important to a business because it can be used to ____________

A. Distract competitors
B. Distribute free samples
C. Sell custom-made products
D. Effect labour - oriented pricing

Question 35:

• NECO 2009

A system in which a group of persons are appointed to carry out special duties of policy and decision-making is referred to as the ____________

A. Matrix structure
B. Staff structure
C. Committee structure
D. Functional structure