Neco Commerce Past Questions and Answers

Question 146:

• NECO 2002

Which is a Public Monopoly?

A. John Holt Nigeria plc
B. Lever Brothers Nigeria plc
C. National Electric Power Authority
D. PZ Nigeria plc
E. United Africa Company Ltd

Question 147:

• NECO 2003

The agreement between an exporter and a ship owner to convey goods is known as ____________

A. Charter party
B. Dock warrant
C. Marine policy
D. Shipping conference
E. Ships manifest

Question 148:

• NECO 2003

Who among the following is the last link in the chain of distribution?

A. Consignor
B. Consumer
C. Producer
D. Retailer
E. Wholesaler

Question 149:

• NECO 2003

The factor of production that combines others factors and bears the risks in production process is ____________

A. Capital
B. Entrepreneur
C. Land
D. Labour
E. Wages

Question 150:

• NECO 2003

The reward for Labour as a factor of production is ____________

A. Interest
B. Premium
C. Profit
D. Rent
E. Wage