Neco Commerce Past Questions and Answers

Question 46:

• NECO 2000

Shares are said to be sold at a discount when they are sold

A. Above par
B. At par
C. Below par
D. To the public
E. To the shareholders

Question 47:

• NECO 2000

A contract in which all parties to the contract have carried out their obligation is said to be terminated by

A. Breach of contract
B. Frustration
C. Operation of the law
D. Performance
E. Voluntary agreement

Question 48:

• NECO 2000

The body charged with the responsibility monitoring the quality of goods supplied is the ____________

A. Consumers’ association
B. Chamber of commerce
C. Manufacturers' association
D. Ministry of Health
E. Nigerian standards organization

Question 49:

• NECO 2001

What is NOT an advantage of combinations (monopolies)?

A. Bender opportunity to expand operations
B. Fall in the cost of selling
C. Pool of specialized managerial skills
D. Centralized management
E. Danger of over-capitalization

Question 50:

• NECO 2001

What is NOT a concern of the Food and Drug Department of the Federal Ministry of Health?

A. Co-operating with the appropriate agencies to bring about effective price control
B. Educating the consumers on drug abuse
C. Encouraging consumers to eat a more sensible and balanced diet and avoid fatty foods
D. Requiring drug manufacturers to provide printed prescription for certain drugs
E. Requiring drug manufacturers to test the safety and effectiveness of drugs before marketing