Neco Commerce Past Questions and Answers

Question 151:

• NECO 2003

____________ is a letter sent to the suppliers requesting details of goods offered for sale

A. An Invoice
B. Letter of enquiry
C. Purchase order
D. Requisition
E. Quotation

Question 152:

• NECO 2003

Which of the following does NOT relate to marine insurance ... policy

A. Endowment
B. Floating
C. Time
D. Valued
E. Voyage

Question 153:

• NECO 2003

Which of the following invites the general public to subscribe for its shares?

A. Co-operative
B. Private liability company
C. Public corporation
D. Public liability company
E. Sole proprietorship

Question 154:

• NECO 2003

One of the barriers to foreign trade is the presence of ____________

A. Difference in goods and services
B. Different means of transportation
C. Many society personnel
D. Tariffs on goods and services
E. Various means of production

Question 155:

• NECO 2003

When a business organization constructs schools and roads for the use of a community. such responsibility is ____________

A. Commercial
B. Economical
C. Industrial
D. Political
E. Social